Los Angeles herald., 1905-11-07
PUBLIC ADVERTISING

after limited, a new board Of three ar.
hereinbcfore prescribed, to de-
termlne the valuation of said prop
erty. The board Of arbitrators snail
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 ap-
pointment, and a majority of the arbl-
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.
piratlon of the aforesaid period OF
twenty,one years, or, II the award Of
the arbitrators shall not have been
made and filed at least two months be.
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 refusa!
said franchise shall thereupon. immedi-
atteiy ipso fafto sffeGt forfeitTTs
Council, may thereupon declare said
franchise forfeited, and may exclude
said grantee. or his or It's successors
streets of said city under said franchise,
and said grantee and his or its 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 18th day of De-
will be opened at that time; that all
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 therefore
provided. only, that at the time OF
opening said bids any responsible per-
REPRESENTED, @ may BID for EDT" SAID fran franchiSe
hs sun tess seated a fsG bd fe9 aO0Sd @H
that said bid so made may be raised
not not less ST than ten per cent by any other
maP so 6adSr Until TFG nsY Td SAID Sqqpg fb
chise shall be struck off, sold and
awarded. by. said City Council to the
highest bidder therefor in gold coin Of
be accompanied with cash. or n certi-
fled check payable to the City Treas
urer of the City Of Los Angeles, for
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
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
1n = 1AN- i, r1,, IL. ~
cash bid therefor, subject to the same
conditions as to deposits s 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 at least
ten PER cent Of the amount of h!s bid;
bidder shall deposit with the City Clerk.
within twentyfour hours after the ac
ceptance of his bid, the remaining nine
ty per cent of the amount thereof, and
said deposit heretofore made will he
forfeited; and the. award of said fran
ehise chs will be void. and said fra nchise
ell be again offered for sale to the
highest bidder therefor in the same
mum manner AM, and .,ne under the restric,
case said bidder fails to deposit with
the City Clerk the remaining nilety
per cent, of his bid within twenty four
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
franchise will be had until the same
shall be readvertised for sale.
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 three 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 da images, and
shall be recoverable from the principal
and 7ureties 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,
11-7-16 lot City Clerk.