Salt Lake Telegram | 1940-01-16 | Page 22 | Proposed Ordinance would Create Board to Manage Provo's Power, Light System

. i Proposed Ordinance WouldCreateBoard To Manage Provo' s Power, Light System PROGRAMS SET AT HIGHSCHOOL PLEASANT GROVE Mies Maud May BaDcocT, rormcr speech de-partnwnt de-partnwnt head at tht University of Utah, will (lv series of enter talnmente at the Pleasant Grove high school Wedneaday at 1:30 p. m. either be turned over to the power company to apply on payment (or the system, leaving but a balance of $30,000 on the purchase price of $160,000, or will be returned to the city. This will leave approximately $100,000 In the construction fund, most ef which will be spent by April I on construction. A balance of $30,000 will be set aside In the electric contingent fund, half of which Will be used to pay Interest on bonds during construction, with the balance going to moderniza-Uon moderniza-Uon of the system, he said. PROVO Creation of public utilities board to manage the new city municipal power and light system, sys-tem, water works, garbage disposal dis-posal and sewage was proposed Monday night at a city commission meeting. A proposed ordinance, undergoing under-going final revision and study, would provide a board of three to be appointed by the mayor with the approval of the city commission. commis-sion. One member would be named for a six-year term, one for a four-year and the other for a two-year term, the mayor said. They would be paid $5 for each official of-ficial meeting. The commission passed a resolution resolu-tion transferring $19,125 from the 'city electric revenue bond and interest in-terest fund to the city electric light and power Interest and contingent con-tingent fund. With the city's power and light system to go Into operation on April 1, revenues will be available to pay Interest on bonds after June 1, and the money transferred may be used for other purposes, the mayor explained. Approximately Ap-proximately $15,000 of the amount is to be used to purchase new equipment for the distribution system sys-tem recently purchased from the Utah Power and Light company, he said. Explanation of the recent report on power plant fund expenditures was made by the mayor. The report re-port shows a balance of $127,547.83 In the construction fund, which Is correct as far as the bank balance Is concerned, but $40,000 already has been paid the power company on the distribution system, and the company Is taking approximately $30,000 In material purchased by the city, he said. Orders for material totaling $60,-000 $60,-000 have been canceled and the i money already paid by the city to the contracting ' corporation will