Los Angeles herald., 1905-12-28

months after the filing OF said award.
Upon the making Of said payment the
title and right of possession of all said
Angeles.
That any neglect, failure or refusal
said franchise shall tirereupon immedi-
ately tpso facto effect a forfeit,.re
Gon1Si tRsrsof and the said city by its city
franchise forfeited, and may exclude
said grantee, or his or it's Successors
streets OF said city under said fran,hise
and said grantee and his or It's suycsss,
orr ors q and ASSIGNS shall thereupon and i'm
the same. and said franchise shall be
deemed end shall remain null. void and
Notice. is also. hereby given THAT
sealed sea J., bids Is in writing. viii be received
Tor 10 ,sa said franchise Up to eleven O'Clock
ary; 1906, that the bids received
VII be opened at that time; that ali
6fds otod must IlS be for the payment. of a
struck struck of IT. sold and awarded to the
pEIson, maso t, firp n or Gorporatio1 who shall
provided only that at the time 5f
opening said bids any responsible per-
represented, may bid for said franchise
ahs sum = no not less than ter per cent above
that said bid so made nay lH@rgdor be :, ana ana
not less than ten per cent by any other
Responsible bidder, and said bidding
50 be- stdk until nay of sod sod ran s55
awarded by, said City Council to the
hse fhishgSf 6dssr therefor in gold coin Of
ne accompanied with cash. or certi-
irsr fied check N payable yah, to the City Treas
the f5er f fhe city Of sdT Los Angeles for
sealed bid will be considered ,nless
SAID SAID cash or check is enclosed there
utDOSlI AT least ten 90 tbn
amount Of his bid With the etlS CitV Vf c,ere me
before said franchise viii be struck off
such deposit Immediately his bid will
not be received. and will be considered
and there be again offered for VII 90 1, then en-
the bidder who shall make the highest
cash @ bid therefor, subject to the same
TONED: Said procedure will be had nm
and ai1 said fran franchise is struck off sold
and a1ni l., aWtIarded VA to bidder. who shall
ten .rer cent of the amount Of his hi5
as as herein provided Said SUCCESSFUL
%thn Hfr fh2 %en fep2st Sfoh With the City Clerk
ceptance of his bid. the remaining nine
ty per cent of the amount thereof and
said deposit heretofore made will he
forTeited and the award OF said fran
Sdife I then wIl abG 6G tSdd. Xod and sid franchise
eil be again offered for sale to the
highest bidder therefor in the same
tions as .hereinbefore provided and in
case said bidder fails to deposit with
the City Clerk the remaining ninety
per cent. of his bid within twenty four
hours after its acceptance. the eward
TO him Of said franchise will be set
aside; and the deposit theretofore made
by him will be forfeited and no fur
ther proceedings for the sale of said
FRANCHISE will be had until the same
snail be readvertised for SALE
Notice is also hereby given that the
successful bidder for said frenchise
must. within five days after said fran
ch1se IS awarded to him or it, file with
the CITY Council n bone ~unning to said
CITY, in the. penal sum of five hundred
dollars, with at least two good and suf-
Ilclent 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 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 Iureties 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.
q tu