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The Richmond Palladium And Sun Telegram
Richmond, Wayne County, Indiana
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Councilmen Howells and Burdsall plan to protest the board of public works' decision to reduce insurance on the municipal electric plant from $90,000 to $20,000, citing risks to the city's $139,000 bonded indebtedness. President Bavis opposed it, but Supt. Kleinknecht deemed insurance unnecessary.
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Both Councilmen Howells and Burdsall have signified their intention of bringing up a discussion in council, Monday night, of the action of the board of public works in reducing the insurance on the municipal electric plant from $90,000 to $20,000 this year.
Both councilmen say that in their opinion an insurance reduction of $70,000 on the city plant, which has a bonded indebtedness of $139,000 for which the city stands responsible, is a policy which does not properly safeguard the city's interests.
President Bavis of the board voted against the insurance reduction but the two other members put it across. Supt. Kleinknecht said he did not think it was necessary to carry any insurance on the plant as there was absolutely no danger of fire.
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Monday Night
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Councilmen Howells and Burdsall intend to discuss and protest the board of public works' reduction of insurance on the municipal electric plant from $90,000 to $20,000, arguing it fails to protect the city's interests given the $139,000 bonded indebtedness. President Bavis opposed the cut, while Supt. Kleinknecht saw no need for insurance due to lack of fire risk.