Los Angeles herald., 1905-08-06

the arbitrators shall not have been
made and filed at least two, months be-
twenty-one years. then A' within thin two
months after the filing of said award.
Upon the making of said payment the
title and right of possession. Of all said
property shall pass to the City of Los
Angeles.
That any neglect. failure or refusal
sad dd0mfPy sha ns
ately ipso facto effect a forfeiture
thereof, and the said city, by its city
and @sy nsSlaFs excinde Sae
said grantee, or his or its successors
and assigns, from further use of the
and said grantee and his or its success
ors and assigns shall thereupon and i'm
mediately surrender all rights in and to
the same, and said franchise shall be
deemed and shall remain null, void and
of no effect.
Notice is also. hereby given that
sealed bids. in writing, will be received
in the forenoon of the fifth day of
September. 1905; that the bids received
VII be opened at at that thai time; that all
stated sum in gold coin Of the United
States; and that the franchise will be
struck off, sold and awarded to the
person, firm or corporation who shall
make the highest cash bid therefor;
provided only, that at the time of
opening said bids any responsible per-
son, firm or corporation, present or
represented, may bid for said franchise
a sun. not less than ten per cent above
the highest sealed bid therefor and
not less than ten per cent by any other
responsible bidder, and said bidding
may SO continue until finally said fran
awarded by said City Council to the
highest bidder therefor in gold coin Of
the United States. Each sealed bid must
fled check payable to the City Treas
urer of the City of Los Angeles. for
the full amount of said bid, and no
said cash or check is enclosed there
with; and the successful bidder must
deposit at lea least ten per cent OF the
before said franchise will be struck off
to him. and Il he shall fail to make
not be received, and will be considered
as void, and said franchise will then
and there be. again offered for sale to
the bidder who shall make the highest
cash bid therefor subject to the same
conditions as to deposit as above mem
toned; Said procedure will be had un-
III said franchise Is struck off. sold
make the necessary deposit of at least
ten per cent of the amount OF his bid,
as as he herein cir provided. Said sucecseful
within twenty-fo four hours after the ac-
eeptance of his bid. the remaining nine
~ per cent or the amount thereof. and
said deposit Heretofore made will be
forfeited, and the award OF said fran
will then and there by said c.ty Conn
ell be again offered for sale to the
highest bidder therefor, In the same
tions as ,hereinbefore provided. aud in
case said bidder fails to deposit with
per cent OF his bid within twenty -four
hours after Its acceptance, the award
TO him OF said franchise will be set
by him Will be forfeited. and no fur
ther proceedings for the sale. OF said
franchise VIII be had until the same
shall be readyertised for sale.
Notice is also hereby given that the
successful bidder for said franchise
must, within five days after said fran
chise is awarded to him or It. Tile with
the City Council a bond running to said
city, In the penal sum OF five thousand
dollars, with at least two good and suf-
ficient sureties, to be approved BY said
! City Council. conditioned that said bid