The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-03-07

ond ten years of the existence at
the franchise; third, for the third
ten years of the existence Of the
franchise; fourth, for the fourth
ten years of the existence of said
franchise, and in like manner
separately portion of said gross
receipts to be given for each SUBJ
sequent period of ten years. dur
ing the existence of said franchise,
except the last which shall be for
period of nine years.
Sec. 5. Be it further resolved,
ETC., that the sum of 500 in cash,
or certified check for that amount
shall be deposited with the presi.
dent of the police jury by the sue.
cessful bidder at the moment OF
adjudication ON the 14th day of
March, 1903, the date OF sale, which
500 shall be forfeited to the par
ish, unless within four months
from the sale, the successful bid
der shall accept by public act, be-
fore any competent notary public,
the term of this ordinance, in
which event the said 500 shall b
returned to the successful bidder,
upon his entering into said con.
tract in which he shall agree to
undertake to commence the con-
struction of the railroad herein
contemplated, within eight months
from the date of the signing OF
said contract, and to complete the
whole and entire line herein pro.
vided for, within two years from
the expiration of the said eight
months, and shall give bond for
security, approved by the presi-
dent OF the police jury, in the SUM
OF $1,000, conditioned upon the
full and faithful performance OF
the said undertaking and contract,
And in the event the bidder fails
to make the deposit of 500 In
cash, or certified checd, as herein
provided for, at the moment Of
adjudication, then the president
of the police jury, at once and
without further formality shall -.
offer for sale the said franchise,
and shall adjudicate the same to
the last and highest bidder, who
does make the required deposits.
And in the event the successful
bidder shall fail to enter into con.
tract, as herein above provided,
within the time stated, the same
shall be forfeited to the parish,
and the franchise shall cease 70
exist, and all the rights Of the
bidder ipso facto ceased and b
forfeited without any other for.
mality whatever.
Sec. 6. Be it further resolved,
etc., that the holder or holders Of
this franchise shall have the right
to transfer and assign the same
but without expense to the parish.
Sec. 7. Be it further resolved
that in the event of war, pestil-
ence, epidemic, strikes, panics, or
public calamities, then and in that
event, the holder or holders Of this
franchise, are to be allowed the
time consumed by such calamity,
and shall not be considered a.
having failed as relates to this
contract, provided the said above
named calamities in any manner
affect the carrying on Of the work
herein.
Sec. 8 Be it further resolved,
etc., that in constructing the said
railroad as herein provided the
holder or holders of this franchise
shall have the right to leave the
public road at any place where
there shall be crossings or bends
in same, shall not be required to
build said road along said public
road at such point, but shall be
allowed, as above stated, to build
said railroad across the arch Of
said bends or crosses in order to
save time and make the road
shorter.
Sec. 9. Be it further resolved,
etc., that the successful bidder or
bidders shall pay all costs Incl.
dent to the sale of said franchise.
JOHN M. IBERT,
President of the Police Jury.
Office Police Jury, franklin, La,
February 6, 1903.