Los Angeles herald., 1905-11-12
PUBLIC ADVERTISING

hereinbcfore prescribed, 70 de-
termine the valuation OF said prop,
erty The board Of arbitrators shall
iutntnediately itn upon apyointment ot
OF It's duties. Any vacancy in the board
on arbitrators shall be filled by the
party who made the original appoint.
OF the arbitrators must be made and
tlied with the city Clerk of said city
within three months after their ap-
traitors who agree thereto may make
The amount of the valuation of said
as hereinbefore provided shall be paid
by the city to said grantee, or his
or lts succ eSsors or assigns, In lawful
piratlon OF the aforesaid period OF
twenty.one years, or, II the award Of
the, arbitrators shall not have been
fore the expiration OF said period OF
months after the filing of said award.
title and right Of possession Of ali said
Angeles
That any neglect, failure or refusal
said franchise shall thereupon immedi-
ately ipso facto effect a forfeiture
thereof, and the said city. by its city
franchise forfeited, and may exclude
said grantee, or his or It's 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
of no effect.
Notice, is also hereby. given that
for said franchise up to eleven o'clock
in the forenoon of the 18th day of De,
ce,mp'bssr, C,.,p 1905; that the the bids received
bids must be for. the payment Of a
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-
represented may bid for said franchise
sum not less than ten per cent above
that. said bid so made may be raised
not less than ten per cent by any other
responsible bidder, and said bidding
chise shall be struck off, sold and
awarded by. said City Council to the
highest bidder therefor in gold coin OF
be accompanied with cash. or a certi-
fled check payable to the City Treas
urer of, the City Of Los Angeles, for
sealed bid will be considered unless
said cash or check is enclosed there
with; and the successful bidder must
amount of his bid with the city Clerk
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
an and there be again offered for sale to
cash bid therefor, subject to. the same
conditions as to deposits as above men,
TONED; Said procedure will be had un-
and Sad a1ardeG To Is bdde@ Srpc ba off, Sa d
ten per cent of the amount Of his bid,
Soder hersn sbap GSyos Wits sad
within twentyfour 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
ohlse will be void. and said franchise
Gil be again offered for sale to the
highest bidder therefor. in the same
manner and under the restric-
case said bidder fails to deposit with
the City Clerk the remaining nihety
per cent of his bid within twenty four
to him of said franchise will be set
aside, and the deposit Heretofore made
BY him will be forfeited. and no fur.
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 it, file with
the City Council a 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
City Council conditioned that said bid
der shall well and truly observe, fulfill
narfOrm
condition of said franchise. and that in
case of any breach of condition of said
bond the whole amount of the penal
deemed to be liquidated damages, and
shall be recoverable from the principal
and 3ureties upon said bond. If said
franchise will be set aside. and any
money paid therefor will be forfeited
H. J. LELANDE,
11-7-16 lot City Clerk.