The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-02-28

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 a portion of said gross
receipts to be given for each sub.
sequent period of ten years, dur
ing the existence of said franchise,
except the last which shall be for
a 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 be
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 Z
security, approved by the presi-
dent OF the police jury, in the sum
of $1,000, conditioned upon tho
full and faithful performance OF
the said undertaking aud 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 re-
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 to
exist, and all the rights Of the
bidder ipso facto ceased and be
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. Z. 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 as
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. s Be it further resolved.
'tc:, that in constructing the sai6
abroad as herein provided T.:
holder or holders of this franc ,;.e
shall have the right to leav i. ~
public road at any plao> vhsre
here shall be crossinge ~ hends
n same, shall not be r.o VI -
'ulld said road alor l saiJ r"h, =;
Dad at such poi = b., sa, shp pSo hs
lllowed, as abo' 70 ~ sta Has e ~ h,,;iS
aid h @H"' across the arch of
a aHa p t;ma or crosses in order to
hor.e I'LL, and make the road
~ NV 9. Be it further resolved,
:; that the successful bidder or
-dders shall pay all costs Incl
dent to the sale of said franchise.
JOHN NJ. bert,
President of the Police Jury.
Office Police Jury, Franklin, La,
February &, 1908.