Los Angeles herald., 1905-11-15
PUBLIC ADVERTISING


teImins the valuation q said prop,
rs membefs enfsr" upon P'be'lqng he diseharse
srSlisstorA Slies Asgg vacancy En- h tthg 6osrs srs
party who made the original appoint
ment to the vacant place The award
Flea with the gy gs, grk s' Of pss ssa sts S
pointment. and majority Of the arbi-
traitors who agree thereto may make
The amount OF the valuation OF said
property aetermined BY the arbitrators
By the city to said grantee, or or bis
money of the United states, Upon n the eS.
PIrs,ti9 OF % the SfOTssad sbd period Of
made and filed at least two. months be.
fore The expiration q said Period OF
months after the filing OF said award
Upon the making of said payment the
property shall pass TO the city OF Los
That any neglect failure or refusal
to comply mp With anK q the conditions 70 q
thereof and the seid city, by its city
Council may thereupon declare said
said grantee. or his or It's successors
and assigns, from further use of the
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
sealed bids. in writing, will be received
in the forenoon OF the 18th day OF be
ce.mber 1905; that the bids received
stated sum in gold coin Of the United
struck of, sold and awarded TO the
make the highest cash bid therefor;
provided. only, that at the time of
opening said bids any responsible per-
REPRESENTED, rep may 81" Tor SAID fran franchIsq
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
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
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, bidder who shall make the. highest
conditions as to deposits as above men
tioned Said procedure will be had un-
til said franchise is struck off. sold
make the necessary deposit of at least
ten per cent of the amount of his bid.
as herein provided Said succcssful
within twenty-four hours after the "a ac. c.
ceptance OF his bid, the remaining nine
ty per cent OF the amount thereof, and
said deposit heretofore made will be
forfeited, and the. award of sai1 fran
chise will be void and said franchise
cil 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 .s cent .,. Of his t, 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 readyertised for sale.
| successful bidder for said franchise
must within five days after said fran
chise is awarded to him or II, 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 sureties. to be approved by said
City Council; conditioned that said bid
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 1ureties upon said bond. If said
bond be not 50 filed, the award of said
franchise will be. set aside, and any
money paid therefor will be forfeited
II. J. LELANDE,
11-7-16 lot City Clerk.