Los Angeles herald., 1905-07-27
PUBLIC ADVERTISING

PUBLIC ADVERTISING
franchise, or used by said grantee OF
his or Its successors in interest In the
exercise Of said franchise, at a fair
MAKE V such pgrehsse nS sbs in he % %aeciareS
by resolution OF the City Council passed
not more than six months prior to the
expiration OF said period OF twenty-one
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 or its successors in in
terest, and the third by the two arbi-
trat9rs so appointed. Said arbitrators
after the declaration by the city of its
option TO purchase said property. In
case said arbitrators fall to make and
after limited, a new board OF three arr
bitrAtors shall be appointed in the same
manner as hereinbefore prescribed, to
efS the Ssoyd aduetion az 81 SAID pTSop
Immediately upon the appointment OF
It's members enter upon the discharge
Of its duties. Any vacancy IN the board
party who made the original appoint
ment to the vacant place. The award
Of the arbitrators must be made and
within three months after their APP s
pointment, and majority Of the arbl-
traitors who agree thereto may mako
such award.
The amount of the valuation of said
property determined by the arbltrators
as hfreinbefore provided shall be paid
by she city to said grantee, or his or
money Of he United tS States upon the wsS eS
piratlon OF the aforesaid period OF
twenty-one years, or. IL the award Of
the srbjtrStoss shall not have been
fore the expiration OF said period OF
twenty-on years. then within two
months after the filing OF said award
title and right OF possession Of all said
property shall pass to the City of Los
Angeles.
said franchise shall thereupon immedi-
ately ipso facto effect forfeiture
thereof, and the said city, by its city
franchise forfeited, and may exclude
said grantee, or his or it's 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
for % ts ssf o e to eHyeq fSsE SE
of August, 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
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
n uttt,a NOT aSd t1,n 10, ~
the highest sealed bid therefor, and
that said bid so made may be raised
not less then ten per cent by any other
may so continue until finally said fran
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 certi-
fled check payable to the City Treas
nrer 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
deposit at least ten per cent of the
before said franchise will be struck off
to him, and Il he shall fail to make
such, deposit Immediately. his bid will
as void, and said franchise will then
and there be again offered for sale to
the, the bidder sIa U who shall make the highest
I.
conditions as to deposit as above men
toned. Said procedure will be had un :
I'll said franchise is struck off. sold
and awarded to a bidder who shalt
ten .rer cent of the amount of his bid,
as herein provided. Said successful
bidder shall deposit with the City Clerk.
ceptance of his bid, the remaining nine
ty per cent of the amount thereof and
in case he or It fails. to do so; then. the
SAID sal deposit heretofore, made will be
will then and there by said City Coun-
Ell be again gadao offered for sale to the
manner and under the same lcstric-
tions as hereinbefore provided, and in
case said bidder fails to deposit with
peT cen of Sfs Ss bid de wthn twent He ou
hours after It's acceptance. the award
TO him of said franchise will he set
aside, and the deposit heretofore mad g
ther proceedings for the sale of said
franchise will be had until the same
shall be readyertised for sale,
successful bidder for said franchise
mustA within five days after said fran
chise is awarded to him or 1t. Tile with
the City Council a bond running to said
city, in the penal sum of five thOusan d
dollars, with at least two good and suf-
ficient surcties, to be approved by said
City Council. con nditioned that said bid :
der shall well and truly observe, fulfill
and perform each and every term and
condition of said franchise. and that in
case OF. any breach of condition of said
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 sureties upon said bond. II said
bond be not so filed, the award of said
franchise will be set aside and any
money paid therefor will be forfeited.
H. j. LELANDE,
7-20-29 lot City Clerk.
Ordinance No. I1,2s9
(NeW Series)
An Ordinance declaring the intention n
of the Mayor and Council of the City
of Los Angeles to establish the grade