Los Angeles herald., 1905-08-03

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
to comply with any of the conditions of
ately ipso facto effect forfeiture
| thereof and the said city. by it's City
Council, may thereupon declare said
said grantee or his or its Successors
and assigns, from further use of the
streets of said city under said franchise,
and said grantee and his or it's 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
Notice. is also, hereby given that
sealed bids, in writing, will be received
for said franchise up to eleven o'clock
September, 1905; that the bids received
will be opened at that time; that all
bids must be for the payment of a
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
the highest sealed bid therefor, and
| that said bid so made may be raised
not less than ten per cent by any other
may so continue until finally said fran
chise shall be struck off, sold and
highest bidder. therefor in gold coin OF
the United States. Each sealed bid must
be accompanied with cash, or certi-
fled check payable to the City Treas
the full amount of said bid and nc
sealed bid will be considered unless
said cash, or check is enclosed there
with; and the successful bidder. must
deposit at least ten per cent of the
amount of his bid with the City Clerk
before said franchise will be struck off
such deposit Immediately his bid will
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 men
til said franchise is struck off solo
make the necessary deposit of at least
as herein provided. Said sucoSssfu s M
bidder shall deposit with the City Clerk
within twenty-four hours after the ac
ceptance of his bid the remaining nine,
ty per cent Of the amount thereof, anc
in case he or it fails to do So then the
said deposit heretofore. made will be
forfeited, and the award OF said fran,
will then and there by said City Coun-
ell be again offered for sale TO the
highest bidder therefor. in the same
manner and under the same lestrlc-
tions as hereinbefore provided, and in
case said bidder fails to deposit witt
the City Clerk the remaining niIety
per cent of his bid within twenty .foul
hours after its acceptance. the aware
10 him of said franchise will be SCI
by him will be forfeited. and no fur.
ther proceedings for the sale of sale
franchise will be had until the same
shall be readvertised 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 II. tile with
the City Council bond running to SAID
city, In the penal sum OF five thousand
dollars, with at least two good aud suf,
ficient surCties, 10 be approved by saiC
city Council, conditioned that said bid
der shall well and truly observe, fulfil
and perform each and every term anC
lcondition of said franchise and that In