Resolution 03008)30330007IOU NC. 3003
AUCBDITESANG TUBLIO TITS BOARD TO RETAIN libillT)1033 IN
EXIIESS OF SOUNATTS pacy III SECTION 12-2-6 TUN CHAP7R.
4EIBT:M;;S, prior to suly. I, 104.3 the Public Utilities Board of the City
of Alameda adopted inm budiseX and made iXs estimate of the stoaoit to Os eshned
in tte flebai year ending June 30, 19/4 in excess of the payments buil retainments
specified. and authon*Jed under Section. 12-0 of the lerter of tie Pity of laardna;
ebb,
WIBTREAam it eon:Dears to this Coaddil that the net earnings of the public
utilities of this city under the msnegemsnI and control ot said Emserd. will be
considerably higobtor Curing the fiscal year 1943-1944.. than they norEdily would
have been, dae to the fact toot certain custbmary maintenance and replacements
dsre curtailed and dtferhed because of governmental. restrixdaDons on the ase of
critical materials; and
WENItIAB, TEE Public Utilities Bmard has recesosted permission. to retain.
for thm reserve specified in.. said Jection 12-6 of the dna:toter an amdtmat in axsess
of toe retainments permitted by the formula provided Xr said Section. 12-0, dnd,
asebificalivg tsi retaMn all earnings of the cubits iloilitids for thm fiscal year
ending ,Tund 30, 1944 in. exCeSs of Nan,372.00; and
WHEREAS, this Csxismil believes that it* is in the u;UPLic interest that
adequate reserve for continguncies, replacementm, renewals, edkEitions and im-
provements for tXma utilities under the control and. danagement of said. Public
INJUXiitilds Board be maintained;
NOW, TI.44,,:1,41-4•4Tna!'„ BB REBCTNED Baj THE COUNCII OF IKE CI9T3 CF ALATAFI)
that ths Pablic Board of said city be, and. it is hereby authorized to
retain in tre Buteam of Eteotricity Fun1 . all earrings of said uty for the
fiscal ymah enSng June 30, 1944 in excess of the cam. of )3:420,372,60.
,14
I, the tundmaublegned, hereby certify that the foregoing Resolution. was
duly and regularly. introduced Tna adopted by. the Council of the City. of Alameda
ih adjourned regplux meeting assembled on the 27th O:y. of June, 1040), by thd
felhowing vote, to ddt:
AYES: Cocnoilmeu Branscheid, Bowe, Cones, Osborn and Ftssiebot
Godfrey, ;5).
3.05,333g None.
dEBBUT:
IN waThEss WBETUEOF, I. have hereunto set my nand and. affixmd. tne offi-
cial seal. of said City this 08th day of ',Else, 1:31,0).
City wert ex wae 01.
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mof laamedo.