Los Angeles herald., 1905-07-09
PueLIc ApvERrIsINe


seles; and provided further, that
shall be construed to grant to said
grantee or his or its successors or as
ilssn1s. signs any right g sell, transfer or
rights OF privileges thereby granted,
except In the manner aforesaid.
That the City Of Los angeles shall
aforesaid period Of twenty-one years
TO purchase the rails, track and road
bed and all property In any of the
ing to said grantee or his or its sue
cessors IN interest, laid or constructed
under. the grant hereby made or used
by said grantee or his or its successors
IN interest in the exercise OF this fran
chise, at fair valuation, provided
that, the option to make such purchase
City Council passed not more than
three years nor less than six mon this
prior to the expiration Of said period
The valuation OF the property pro-
posed to be purchased pursuant to the
provisions Of this Ordinance shall be
traitors. of whom one shall be. appoint
ed by the city. one by the said grantee
or his or It's successors IN interest, and
pointed Said arbitrators shall be APP
declaration by the city Of its option
arbitrators fail to make and file an
award within the time hereinafter linn
tied, new board of three arbitrators
scribed, to determine the valuation of
said property. The board Of arbitrators
shall imediately upon the appointment
charge Of its duties. Any vacancy in
the board of arbitrators shall be filled
by, the party who made the original ap-
pointment 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
appointment, and majority of the ar
bltrators who agree thereto may make
such award.
The amount of the valuation of said
as hereinbefore provided shall be paid
by the city to said grantee or his or
its successors or assigns. In lawful
expiration of the aforesaid period OF
twenty-one years, or. IL the award OF
the arbitrators shall not have been
before the expiration of said period of
twenty-one 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.
of said franchise shall thereupon i'm
mediately ipso. facto effect q forfeiture
GnnC thereof and the said city by its city
franchise forfeited and may exclude
said grantee or his or its successors
and assigns from. further use of the
streets of said city under said fran
chise and said grantee and his or its
successors and assigns shall thereupon
and Immediately surrender all rights in
and to the same, and said fran chisc
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 in
the forenoon of the seventh day of
August. 1905; that the bids received
bids must be for the payment of a
stated sum in gold coin of the United
States; and that the franchise will be
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
resented, may bid for said franchise q
sum sum not less than ten per cent above
that la said bid son SO made de- may @ be be- raised
not less than ten per cent by any other
responsible bidder. and said bidding
chse ds 50 shall hall e be- struck true s off. sold sold and
awarded by said city Council to the
highest bidder therefor in gold coin. of
obed be- FaSh With eash or
certified check payable to the City
Treasurer of the City of Los Angeles,
for for the Y fnil ,;1 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 If 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
Cla Id r. 1t -
conditions as to deposit as above men
toned: 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 successful
Clerk, within twenty-four hours after
the acceptance of his bid, the remain
ing m ninety per cent of the amount
do so, then the said deposit, heretofore
made will be forfeited, and the award
of said franchise will be void and said
franchise will then and there, by said
City Council, be again offered for sale
to the highest bidder therefor, in the
same manner and under the same re-
strictions as hereinbefore provided,
and in case said bidder fails to deposit
with the City Clerk the remaining nine
ty per cent of his bid within twenty
four hours. after it's acceptance, the
award to him of said franchise will be
set aside and the deposit heretofore
made by him will be forfeited, and no
further proceedings for the sale of said
franchise will be had until the same
shall be readvertised for sale.
Notice is also hereby given that the
successful bidder for said franchise
must, within five days after said fran
chise is awarded to him or 1t, file with
the City Council a bond running to said
city, in the. penal sum of one 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
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. If said
bond be not so filed, the award of said
franchise will be set aside, and any
money paid therefor will be forfeited.
H. ]. LELANDE,
lilo lot City Clerk.
Ordinance No. 11.182