1150 1150 CITY OF AUSTIN, TEXAS MINUTES OF THE CITY COUNCIL CITY OF AUSTIN, TEXAS Recessed Hearing of the SOUTHWESTERN BELL TELEPHONE COMPANY Request for Rate Increase November 8, 9, 10, 1954 Council Chamber, City Hall Roll Call: The meeting was called to order with Mayor McAden presiding. Present: Councilmen Long, Pearson, Thompson, White, Mayor McAden Absent: None Present also: W. E. Seaholm, City Manager; W. T. Williams, Jr., City Attorney. The Mayor announced that this was a recessed meeting from June 25th, and the Council would continue studying the operations of the Telephone Company in regard to their plea for relief. MR. JAMES M. HONAKER gave a statement of his review. The following City Exhibits were filed and discussed: CITY EXHIBIT No. 4 CITY EXHIBIT NO. 5 - - CITY EXHIBIT NO. 6 - CITY EXHIBIT NO. 7 - RATE OF RETURN REQUIRED ON BELL SYSTEM NET TELEPHONE PLANT AND OTHER INVESTMENTS IN 1953 TO PROVIDE CERTAIN EARNINGS PER AVERAGE SHARE OF AMERICAN TELEPHONE AND TELEGRAPH COMPANY OUTSTANDING COMMON STOCK. CITY OF AUSTIN SOUTHWESTERN BELL TELEPHONE COMPANY FEDERAL INCOME TAX SAVING UNDER ASSUMED DEBT RATIOS Base on December 31, 1953 Data. CITY OF AUSTIN SOUTHWESTERN BELL TELEPHONE COMPANY SEPARATION OF TELEPHONE FACILITIES AS OF DECEMBER 31, 1953. and 7 Revised - SOUTHWESTERN BELL TELEPHONE COMPANY ADJUSTMENT OF WESTERN ELECTRIC COMPANY CHARGES YEARS (1951) 1952 and 1953. 1151 1151 CITY OF AUSTIN, TEXAS CITY EXHIBIT NO. 8 CITY OF AUSTIN SOUTHWESTERN BELL TELEPHONE COMPANY ELEMENTS OF VALUATION AND RETURN THEREON Dec ember 31, 1953. Representatives of the Southwestern Bell Telephone Company were present and discussed the Exhibits as presented by Mr. Honaker in his recommendation. A complete transcript of the hearings on November 8, 9, and 10, 1954, was made by MRS. OPAL LOOKE. The Council recessed this meeting until a date after the transcript is completed. ATTEST: Elsie City Clerk Clerk APPROVED: Ca Mad Mayor