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ATTORNEY KRAMER DISCUSSED THE VIOLATIONS DOCUMENTS AND <br />POINTED OUT THAT IXORA UTILITIES OBVIOUSLY DID NOT DO ANYTHING BECAUSE <br />ALL VIOLATIONS ARE UNRESOLVED TO THIS TIME. ATTORNEY KRAMER FELT <br />THAT BEFORE THE BOARD GIVES ANY CONSIDERATION TO A RATE INCREASE, <br />THEY SHOULD IMPOSE AN ORDER ON IXORA UTILITIES GIVING THEM A TIME <br />PERIOD TO ACCOMPLISH THE IMPROVEMENTS THEY PROMISED AND ALSO REQUIRE <br />THEM TO TAKE THE RETAINED EARNINGS AND PUT THEM IN AN ESCROW ACCOUNT <br />WITH RESTRICTIONS THAT THEY CAN BE USED ONLY TO IMPROVE THE PLANT. <br />ATTORNEY KRAMER CONCLUDED BY ASKING THE BOARD T0. DENY THE RATE IN- <br />CREASE AND TAKE THE ACTION JUST REQUESTED. <br />ATTORNEY COLLINS STATED THAT THE BASIS OF THIS MATTER <br />BEFORE THE COMMISSION IS THE RESOLUTION GRANTED TO IXORA UTILITIES <br />.RECORDED IN OR BOOK 93 AND AMENDMENT THERETO, RESOLUTION # 76-34. <br />HE REQUESTED THAT THESE DOCUMENTS BE MADE A PART OF THE RECORDi- <br />k <br />102 <br />404 <br />`JUL 19 1978 <br />