Los Angeles herald., 1905-11-11
PUBLIC ADVERTISING

herelnbefore prescribed, to de-
termine the valuation of said prop,
erty The board OF arbitrators shall
members enter pRSn upon the disoharse
Of its duties. Any vacancy IN the board
pary Wbe msds sha sbs be 6ss gd by ta
ment to the vacant place. The award
Of the arbitrators must be made. and
Snw VIII the a6bs Gy sek sfeT pf tbs1 fsq Gy aS
pointment, and a majority Of the arbi-
traitors who agree thereto may make
The amount of the valuation of said
property determined by the arbitrators
as hereinbeforo provided shall be paid
| by the city TO said grantee, or his
money of the United States, upon the ex-
lplratlon of the aforesaid period OF
the S'' sirbitrators shall not have been en-
made and filed at least two months be-
fore the expiration OF said period Of
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
That any neglect, failure or refusal
to comply with any Of the onditlons. OF
ately ipso facto effect forfeiture
thereof, and the said city. by its City
Council, may thereupon declare said
said grantee, or his or its successors
streets Of said city under said franchise,
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 i1th day lay Of De- De-
cember, 1905; that the bids received
will be opened at that 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;
opening said bids any responsible per-
son, firm or corporation, present or
represented may bid for said franchise
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
be accompanied with cash, or a certi-
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
before said franchise will be. struck off
to him. and Il he shall fail to make
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 deposits as above mem
TONED; Said procedure will be had un.
and awarded to bidder who shall
make the necessary deposit of at least
ten per cent of the amount of his bid.
as herein provided. Said successful
within twenty-four hours after the ac-
ceptance of his bid the remaining nine
ty per cent of the amount thereof, and
In case he or 1t fails to do so, then the
said deposit heretofore made will be
forfeited, and the award of said fran
chise chs w, will be void, and said FRANCHISE
Gil be again offered for sale to the
highest bidder therefor, in the same
manner NAM and under ths restriG est 6,
case said bidder falls to deposit with
the City Clerk the remaining nilety
per cent of his bid within twenty -four
hours after it's acceptance, the eward
TO him of said franchise will be set
aside, and the deposit thereto fore made
by him will be forfeited. and no fur.
|
franchise will be had until the same
shall be readvertised for sale.
Notice is also. also hereby sn given that the
must. within five days after said fran
chise is awarded to him or 1t. file with
the City Council bond running to said
| city, in the penal sum of three thousand
dollars. with at least two good and suf-
ficient suroties, to be approved by said
der shall well and truly observe, fulfill
and perform each and every term and
condition of said franchise. and that In
bond the whole amount of the penal
sum therein named shall be taken and
deemed to be liquidated damages, and
shall be recoverable from the principal
and 5ureties upon said bond. If said
bond be not so filed the award of said
franchise will be set aside, and any
money paid therefor will be forfeited.
| H. ]. LELANDE,
| 11-7-16 lot City Clerk.