Los Angeles herald., 1905-07-26
PUBLIC ADVERTISING


his or It's successors IN interest, laid or
constructed under the grant of said
franchise, or used by said grantee OF
his or It's successors IN interest In the
exercise of said franchise, at 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
The valuation Of the property covered
by the aforesaid option or right to pur-
three arbitrators, Of whom one shall be
grantee or his or IFS successors in in
traitors SO appointed. said arbitrators
shall be appointed within thirty days
after the declaration by the city of its
case said arbitrators fall 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 arbltrators shall
its 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
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
pointment, and a majority OF the arbi-
traitors who agree thereto may make
such award.
property determined by the arbitrators
as herelnbefore provided shall be paid
by the city to said grantee, or his or
money me @ Of the United States, upon the ex
piratfon of the aforesaid period of
twenty-one years, or. IL the award of
made ma ana filed at least two two months bel
fore the expiration of said period of
twenty-one years, then within two
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
said franchise shall thereupon immedi-
ab5ey pso and the ed o by it's cs
Council, may thereupon declare said
franchise forfeited, and may exclude
sad ms frtber T lts s fb
streets of said city under said franchise,
and said grantee and his or its success
ors and assigns shaii & thereupon and i'm,
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 said franchise up to eleven. o'clock
the Of the tbs ttbwebhitSyfrst biSy day
will be opened at that time; that all
bids must be for, the payment of
stated sum n goldh coin of the United ed
struck off, sold and awarded to the
person, firm or corporation who shall
make the highe1t cash Pid Pba
opening said bids any responsible per-
son. firm or corporation, present or
the highest sealed bid therefor. and
that said bid SO made may be raised
not less then tedopp 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
the United States. Each sealed bid must
be accompanied with cash. or a certi-
fled check n payable l,al to the City Treas
the full amount of said bid, and no
sealed bid will be considered unless
said cash, or check is enclosed there
deposit at least ten per cent of the
amount of his bid with the City Clerk
before said franchise will be struck off
! to him, and IL 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
cash bid therefor, subject to the same
conditions as to deposit as above men
|
til said franchise is struck off. sold
and awarded to bidder who shall
make the necessary deposit Of at least
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-
sil ,I be again Offered for sale to the
manner and under the same estric-
tions as .hereinbefore provided. and in
case said bidder fails to deposit with
per cent of his bid within twenty -four
hours after its acceptance, the. award
to him of said franchise will be set
aside, and the deposit heretofore made
by him will be forfeited, and no fur
ther proceedings for the sale of said
shall be readvertised for sale.
Notice is also hereby given that the
successful bidder for said franchise
must. within five days after. said fran
| the City Council a bond running to said
city, in the penal sum of five thousand
dollars, with. at least two good and suf-
/ ficient sure ties, 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
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 5ureties upon said bond. If said
bond be not so filed, the award of said
franchise will be set aside. and any
money paid therefor will be forfeited.
II. j. LELANDE,
7-20-29 lot City Clerk.
Notice of Street Work
Public notice is hereby given that on
Wednesday, the 9th day of July, 1905. the
Council of the City of Los Angeles did,
nance of Intention, numbered II. .239 (New
Series), to have the following work done.