Los Angeles herald., 1905-07-24
PUsLic ADVERTISING

his or its successors in interest, laid or
constructed under tho grant OF said
franchise, or used by said grantee or
his or its 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.
by the aforesaid option OF right to pur..
chase shall be determined by board OF
three arbitrators, Of whom one shall be
appointed by the city, one by the said
grantee or his or its successors In in
terest, and the third by the two arbi-
traitors so appointed. Said arbitrators
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 arr
manner as hereinbefore prescribed, to
determine the valuation Of said prop
erty The board of arbitrators shall
Immediately upon the appointment of
It's members enter upon the discharge
Of It's duties. Any vacancy in the board
OF arbitrators shall be filled by the
party who made the original appoint
ment to the vacant place. The. award
of the arbitrators must be made and
filed with the City Clerk OF said city
within three months after their APP
7.
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 or
its 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 hen Of SAID PpssTIod 90
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.
That any neglect, failure or refusal
to comply with any of the conditions of
ately ipso facto effect forfeiture
thereof, and the said city. by it's City
Council, may thereupon declare said
said grantee, or his or its successors
and assigns. from further use of the
streets of said city under said franchise
and said grantee and his or it's success
surrender all rights in and to
the same, and said franchise shall be
deemed and shall remain null, void and
Notice is also hereby given that
sealed bids, in writing, will be received
for said franchise up to eleven o'clock
of August, 1905; that the bids received
will be opened at that time: that all
bids must be for. the payment of a
stated sum IN gold coin I'm OF the I, United
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-
son, firm or corporation, present or
may bid for said franchise
l., -
the highest sealed bid therefor and
that said bid so made may be raised
not less than ten per cent by any other
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
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
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 If 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
r.
as to deposit as above mem
toned. Said procedure will be had un
til said franchise is struck off, sold
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
bidder shall deposit with the. City Clerk.
within twenty-four hours after -He 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. mad, will be
forfeited, and the award of said fran
chise Will be void, and said franchise
will then and there by said City Coun
Ell be again offered for sale, to the
manner and under the same lestric-
tions as hereinbefore provided, and in
case said bidder fails to deposit with
per cent of his bid within twentv four
hours after its acceptance, the award
to him of said franchise will be set
aside, and the deposit heretofore made
ther proceedings for the sale of said
franchise will be had until the same
shall be readvertised for sale.
bidder for said franchise
must. within five days after said fran
chise is awarded to him or it, file with
the City Council bond running to said
city, in the penal sum of five thousand
dollars, with at least two good and suf-
ficient suroties, to be approved by said
CITY council, conditioned that said DID
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 3ureties upon said bond If said
bond be not so filed, the award of said
will be set aside, and any
money paid therefor will be forfeited
H. j. LELANDE,
7-2O-29 lot City Clerk
Notice Inviting Street Work Proposals
Pursuant to Statutes and to Jr-
dinance No. 1924 New Series) of the
Council of the City of Los Angeles
adopted July 10, 1905, directing this
notice, the undersigned invites and will
receive at his office in the City Hall,
up to IL o'clock a. m. of Monday, July
81, 1905, sealed proposals or bids for the
street work, to be done ac-
cording to specifications:
No. ! (New Series) for cement curbs,
No. (New Series) for cement side
in the City of Los Angeles, posted
and on file, therefor adopted, or herein
to wit:
1st. That cement curb be con-
structed along each line of the road
"N' WAY r1Nyc,rA A e,r,, r,nr