Los Angeles herald., 1905-09-11
PUBLIC ADVERTISING


successors and assigns shall, during the
life of this franchise, pay to the CITY or
Los Angeles, in lawful money OF the
United States, two per, cent OF the gross
annual receipts of such grantee and its
successors and assigns, arising from the
use, operation or possession ;, OF this
franchis No percentage shall be paid
for the first five years succeeding the
date of this franchise, but thereafter
such, percentage must be payable an
feited by failure to make the pay
merits provided for. The amount of tho
gross annual receipts of the grantee OF
assigns, arising from its use, operation
or possession shall be deemed and un,
derstood to be, and shall be, the total
gross earnings collected or received, or
| In any manner gained or derived by the
grantee of this franchise, or its. sue.
cessorrs or assigns from the o use OF said
the carriage or transmission of oil
through the same. And It shall be the
and its successors and assigns to file
Angeles, within thirty days after the
of the granting Of said franchise, and
within thirty days after the expiration
Statement edne SiS verified by the oath of the
manager or presiding officer, of said
grantee, or its successors and assigns:
gross earnings collected or received, or
in any manner gained or derived by tho
said grantee, or it's successors or as
months from the use of said pipe line,
and from or on account OF the carriage
or transmission of oil through the same.
| And within ten days after the time for
filing the aforesaid statement 1t shall
be the duty of said grantee, or its sue
Treasurer of the City of Los Angeles
the aggregate sum of the said percent
age upon the amount of the gross an
Grafton or possession Ji this franchise.
determined and computed In the manner
herein before provided. And any neglect,
it's successors or assigns, to file said
verified statement, or to pay the said
p az 6d of Tines the said anG % the
work forfeiture of the franchise here
to fheHsHa the City Of ofq Los Os An Angeles.
Sec. 6. That any neglect, failure or
refusal to comply with any of the, con-
upon Immediately ipso facto. effect
forfeiture thereof. and the said city, by
it's City Council. may thereupon declare
clude said grantee and its successors
and assigns from further use of the
streets of said city under said franchise;
assigns shall thereupon and immedi-
ateiy surrender all rights in and to the
deemed and shall remain null, void and
of no effect. Provided however, that
said grantee it's successors or assigns,
shall have the right to remove said pipe
from said streets, subject to such regu-
lations as the said City Council may
impose.
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;
and provided, further, that nothing In
said franchise contained shall be con-
strued to grant to said grantee, or Its
successors or assigns, any right to sell,
transfer or S.g assign said franchise, ,hy or any
granted. except in the manner afore-
said.
shall have the right at the expiration of
the aforesaid period, to purchase the pipe
lines and all properties In any of the
ing, to the grantee Of said franchise,
or Its successors in interest, laid or
constructed under the grant of said
FRANCHISE or used by said grantee tee
exercise of said franchise, at a fair
valuation. provided that the option to
make Th 1f has M R be
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. it's 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 s9id sbi property In
file an award within the time herein
after limited, a new board Of three ar
manner as sH herein e BEFORE Prescribed, m e ' to
determine the valuation of said prop
erty. The board Of arbitrators snail
its members @ enter te upon the ish discharge &c
of its duties. Any vacancy in the board
of arbitrators shall be. filled by the
ment to the vacant place. The award
Of the arbitrators must be made. and
filed with the City, Clerk of said city
pointment, and majority of the arbi-
traitors who agree thereto may make
The amount of the valuation OF said
property determined by the arbitrators
as hereinbefore provided shall be paid
ts s ea5y or assgns saG erfn'eH in awfa
money of the United States sTt upon the ex-
piration of the aforesaid period of
the arbitrators Shall not have been
made and filed at least two months be-
fore the expiration Of said period Of
months after the filing of said award.
Upon the making of said payment the
title ana riBnt OF possession or all salu
property shall pass to the City of Los
Angeles.
Sec 9. The City Clerk shall certify
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 August 81, 1905.
H. ]. LELANDE,
City Clerk.
Approved this 9Th day of September,
1905.