Los Angeles herald., 1905-10-18
PUBLIC ADVERTISING
in granted. and OF all rights Hereunder.
| tO fha CftU 0f Los AnpaIea

in granted, and OF all rights Hereunder.
to the City of Los Angeles.
Sec. 6. That any neglect, failure or
refusal to comply with any of the. con-
ditions of this franchise shall there
upon Immediately ipso facto effect a
forfeiture thereof, and the said city, by
It's City Council. may thereupon declare
this franchise forfeited, and may ex-
clude said grantee and his successors
clude said grantee and its successors
and assigns from further use of the
| streets of said city under said franchise,
and said grantee ard its SUCCESSORS and
assigns shall thereupon and immedi-
ately surrender all rights in and to the
deemed and shall remain null, void and
of no effect. Provided, however, that
said grantee, his successors or assigns,
shall have the right to remove said pipe
| from said streets, subject to sucn regu-
lations as the said City Council may
Sec. 7. That said grantee, or his sue
cessors or assigns, shall not sell, trans.
fer or assign said franchise, or any. OF
the rights or privileges granted hereby,
in writing, filed in the office of tho
City Clerk of the City of Los Angeles;
said franchise contained shall be con-
strued to grant to said grantee, or It's
successors or assigns, any right to sell,
transfer or assign said franchise, or any
of the rights or privileges thereby
granted, except In the manner afore-
said.
Sec. 8. That the City Of Los Angeles
shall have the right, at the expiration of
the aforesaid period. to purchase the pipe
lines and all properties In any, of the
streets hereinbefore mentioned belong
ing to the grantee of said franchise,
or his successors in interest, laid or
constructed under the grant of said
or his successors in interest In the
exercise of said franchise, at q fair
valuation, provided that the option to
make such purchase shall be declared
by resolution of the City Council passed
not more than six months prior to the
expiration of said period of twenty-one
years.
The valuation of the property covered
by the aforesaid option or right to pur.-
chase shall be determined by board OF
appointed by the city. one by the said
grantee or his successors In in
terest, and the third by the two arbi-
shall be appointed within thirty days
after the declaration by. the city of its
option to purchase said property. In
case said arbitrators fail to make and
file an award within the time herein
after limited, a new board of three ar
bitrators shall be appointed in the same ne
determine the valuation of said prop
erty. The board of arbitrators shall
it's members enter upon the discharge
of its duties. Any vacancy in the board
of arbitrators shall be. filled by the
party who made the original appoint.
of the arbitrators must be made and
filed with the City Clerk of said city
within three months after their ap-
pointment, and a majority of the arbi-
traitors who agree thereto may make
such award.
The amount of the valuation of said
property determined by the arbitrators
as hereinbefore provided shall be paid
by the city to said grantee or
his successors or assigns, in lawful
money Of the United States, upon the ex-
piration of the aforesaid period of
twenty one years. or, If the award of
the arbitrators shall not have been
made and filed at least two months be-
fore the expiration of said period of
twenty-one years. then within 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.
to the passage of this Ordinance and
shall cause the same to be published
once in the Los Angeles Herald.
I hereby certify that the foregoing
Ordinance was adopted by the Council
of the City of Los Angeles at It's meet
ing of October 8, 1905.
II. ]. LELANDE,
City Clerk.
Approved this 14th day of October,
1906.
1O-1S 1t Mayor.