Los Angeles herald., 1905-07-06
Puallc AnvERIIalNa


ment in writing, filed n tbs office Of
geles; and provided further, that
nothing in said franchise contained
grantee or his or It's Successors or as as
signs any right to sell, transfer or
assign said franchise or any OF the
except in TIE Rs'nmTes manner aforesaid fSr sr"n'eu
That the City of Los Angeles shall
have the. right at the expiration OF tho
aforesaid period OF twenty-One years
TO purchase the rails, track and road
bed and all property In any OF the
streets hereinbefore mentioned, belong
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 a fair valuation, provided
that the option to make such purchase
shall be declared by resolution of the
three years nor less than six months
prior to the expiration OF said period
OF twenty-one years.
posed to be purchased pursuant to the
provisions OF this Ordinance shall be
determined by a board Of three arbl-
ed by the city, one by the said grantee
the third by the two arbitrators so ap-
pointed. Said arbltrators shall be APP
pointed within thirty. days after the
declaration by the city of its option
to purchase said property In case said
arbitra tors fail to make and file an
award within the time hereinafter linn
tied, new board OF three arbitrators
shall be appointed as herein before pre-
scribed, to determine the valuation OF
said property. The board of arbitrators
shall imediately upon the appointment
Of its members enter upon the dis
the board of arbitrators shall be filled
by the party who made the original ap-
pointment to the vacant place. The
"a wa rH Of tba arhitra IN mn 60 Ae 10
and filed with the City Clerk of said
city within three months after their
appointment, and majority of the ar
bitrators who agree thereto may make
such award
The amount OF the valuation of said
property determined BY the aTbitrators
by the city to said grantee or his or
It's successors or assigns. in lawful
OF 6e of the eq pgp6d the
the arbitrators shall not have been
beoee afe the expraon of saS nerod
twenty-one years, then within two
months after the filing of said award
e and 6e rsh of of sad " eli s h
Angeles
That any neglect failure or refusal
to comply with any of the conditions
of said franchise shall thereupon i'm
m mediately ipso facto effect n forfeiture
thereof, and the said city, by it's City
Council. may thereupon declare said
franchise forfeited, and may exclude
said grantee or his or it's successors
and assigns from. further use of the
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 franchise
shall be deemed and shall remain NULL
void and of no effect.
Notice is also hereby given that sealed
dC IN xt,rft tf,oor xx,t1I he Eo,
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
person, firm or corporation who shall
make. the highest cash bid therefor;
pronided G1ly I6 Kat that at the time Of
son, firm or corporation, present or rep
resented, may bid for said franchise a
sum not less than ten per cent above
the highest sealed bid therefor, and
that said bid so made may be raised
not less than ten per cent by any other
responsible 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
must. be accompanied with cash, or
certified check payable to the City
Treasurer of the City of Los Angeles,
for the full amount of said bid, and no
sealed bid will be considered unless
said cash or check is enclosed there
with; and the successful bidder must
amount of his bid with the City Clerk
before said franchise will be struck off
to him, and II he shall fail to make
not be received, and will be considered
as void. and said franchise will then
and there be, again offered for sale to
cash bid therefor, subject to the same
conditions as to deposit as above men
toned Said procedure will be had un-
and m sad a1afded to is bddT wo ff sBa 9d
make the necessary deposit of at least
ten per cent of the amount of his bid,
bdder Snail aepost wt6 snd sSe cg
Clerk, within twenty-four hours after
the acceptance of his bid. the remain
Ing IN srdnf ninety per cent of of the amount
do so, then the said deposit heretofore
made. will be forfeited. and the award
OF OF said franchise will be void. and said
franchise will then and there, by said
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
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 it, file with
the City Council 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. J. LELANDE,
7-1-10 lot ~ City Clerk.