Los Angeles herald., 1905-11-08
PUBLIC ADVERTISING


bitrators shall be appointed as
hereinbcfore prescribed. to de-
termine the valuation Of said prop
erty The board OF arbitrators shall
ITS members enter upon the discharge
OF It's duties Any vacancy I'm the board
OF arbitretors shall be filled by the
ment to the vacant place. The award
of the arbitrators must be made and
flied 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
by the city to said grantee, or his
money of the United States. upon the ex-
plration OF the aforesaid period OF
twenty.one years, or. II the award OF
made and filed at least two months be-
fore the expiration OF said period OF
twenty-one years: then within two
months after tho 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
That any neglect, failure or refusal
to comply with any OF the conditions OF
said franchise shall thereupon immedi
thereof, and the said city, by its city
Council. may thereupon declare said
franchise forfeited, and may exclude
and assigns from further use of the
streets of said city under said franchise
and said grantee and his or It's success
ors and assigns shall thereupon and i'm
mediately 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 bids, in writing. will be received
FOR said franchise up to eleven o'clock
In the forenoon of the 11th day Of De,
will be opened at that time that all
bids must be for the payment of n
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:
opening said bids any responsible per-
son, firm or corporation. present or
represented, may bid for said franchise
the highest sealed bid therefor, and
that said bid so made may be raised
not less than 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
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
Angeles,
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 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
70 hi fxy11n oh, 4, 1t
cash bid therefor, subject to the same
conditions as to deposits as above men
TONED. Said procedure will be had un-
til said franchise is struck off. sold
and awarded to a bidder who shall
make the necessary deposit of al least
ten Per cent of the amount of his bid.
bidder shall deposit with the City Clerk.
within twenty-four hours after the &C
ceptance of his bid. the remaining nine
ty per cent of the amount thereof, and
in case he or it fails to do so, then the
said deposit heretofore made will be
forfeited. and the award OF said fran
will then and there by said CITY Com
ell be again offered for sale to the
highest bidder therefor in the same
manner and under the restric-
tfons as hereinbefore provid ed, and in
case said bidder fails to deposit with
the City Clerk the remaining ninety
per cent. of his bid within twentv-t four
hours after Its acceptance, the award
to him of said franchise will be set
aside, and the deposit Heretofore made
by y, him will be forfeited and no fur,
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 a bond running to said
city, in the penal sum of three thousand
dollars. with. at least two good and suf-
ficient suroties, 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 7ureties upon said bond. If said
bond be not so filed the award of said
trancnlse - WI be set aside, and any
II. j. LELANDE,
11-7-16 lot City Clerk.