F Manning

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F Manning - in to and that several engineers, attorneys,...
in to and that several engineers, attorneys, attorneys, and construction company epresentatlves had been consulted. He had been advised the best time 0 take up the question would be at expiration of the street lighting -ontract, he said. City Attorney Manning also recalled that he had irepared a report on opinions from he attorney general of Illinois and rom the Illinois Municipal League j to the possible directions the city might take In obtaining the plant. In his request for reconsideration of the question Mayor Schnaufer suggested several angles to be considered. considered. Among these were the sales of bonds; the franchise of Iho Illinois Power & Light Co. In the city; possibility of competition with the Illinois Power & Light Co., or, of purchasing its present plant and rights within the city. Plan Roosevelt Ball Other subjects were the cost of 1 municipal plant, reduction of tax eceipts of the city resultlnR from t> possible purchase of the Illinois Power & Light Co. property, which would lower the city's taxable valuation; valuation; engineering costs; operating operating expense; sinking fund; working capital; cost to the consumer; and hazards of fire, tornado, and sleet storms. , _ Alderman Burroughs and Grove questioned the city's ability, under the law, and under the present setup setup of administering it, to compete with a privately owned public utility, utility, and City Attorney Manning pointed out that the statute providing providing for condemnation and purchase purchase of public utilities property by 5 city had not been tested in the a

Clipped from
  1. Alton Evening Telegraph,
  2. 08 Jan 1935, Tue,
  3. Page 2

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