I also wondered this, what did the pipeline company do if/when there was a loss of power?
(Core memory would retain its contents without power, so if you were absolutely sure nothing could possibly have disturbed that initial bootstrap routine since the last time you toggled it in, it might still be there. But a lab minicomputer of that era, probably didn't have any memory protection at all, so that's a pretty big "if".)
Edit: It’s describing a situation where a “Resident Monitor” isn’t built in, but is manually loaded after power up.