Los Angeles herald., 1905-07-08
PUBLIC ADVERTISING

geies; and provided further, that
nothing IN said franchise contained
shall be construed to grant to said
sns tes ang Sr Rs rsS q It's ss tTsr,sr or a Or
assign said franchise or any OF the
rights or privileges thereby granted,
that The ~ cItv OF los % Nneeies shall
have the right at the expiration OF tho
aforesaid period OF twenty-one years
to purchase the rails, track and road
streets hereinbefore mentioned, belong
ing to said grantee or his OF It's sue
under. the grant hereby made or used
by said grantee or his or It's successors
In interest in the exercise OF this fran
bat tbs at anton fair to vsluson pT9ybldsd
shall be declared by resolution Of the
City Council passed not more than
prior to the expiration OF said period
OF tWenty-one years.
The valuation of the property pro-
posed pos..S., to be PURCHASED pursuant to the
determined by a board Of three arbl-
traitors, Of whom one shall be appoint-
ed BY the city, one by the said grantee
the third by the two arbitrators so ap-
pointed. Said arbitrators shall be ap-
poipIted, within hin thirty days after the
arbitrators fail to make and file an
award within the time hereinafter lim-
shall be appointed as hereinbefore pre-
scribed, TO determine the valuation of
said property The board of arbitrators
of its members enter upon the dis
charge Of its duties. Any vacancy In
the board OF arbitrators shall he 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
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 arbitrators
as hereinbefore provided shall be paid
by the city to said grantee or his or
money of the United States, upon the
expiration of the aforesaid period OF
twenty;;one years. or, II the, award of
made and filed at least two months
before 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
That any neglect, failure or refusal
to comply with any of the conditions
of said franchise shall thereupon i'm
Council, may thereupon declare said
franchise forfeited, and may exclude
snd assigns from Further ts use Of ths
streets of said city under said fran
chise, and said grantee and his or its
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
bids, in writing, will be received for
said franchise up TO eleven. o'clock in
the forenoon of the seventh day of
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
roidad make the highest cash bid 3ha therefor
opening said bids any responsible per-
son. firm or corporation, present or rep
resented. may bid for said franchise a
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
must be accompanied with cash, or
Sertified Ss check payable to the City
for the full amount Of said bid, and no
sealed bid will be considered unless
said cash, or check is enclosed there
deposit p @ at least TEMPER ten per cent % Of the
amount of his bid with the City Clerk
before said franchise will be struck off
s1ob so him Genas aad me sh fall all to b,d msk &
not be received, and will be considered
as void, and said franchise will then
and there be again offered for sale to
the bidder who shall make the highest
cash bid therefor, subject to the same
conditions as to deposit as above men
toned; Said procedure will be had un;
and awarded to a bidder who shall
make the necessary deposit of at least
ten per cent of the. amount of his bid
bidder shall deposit with the City
Clerk, within twenty-four hours after
the acceptance of his bid, the remain
thereof, and in case he or it fails to
do SO, then the said deposit heretofore
made will be forfeited, and the award
franchise will then and there, by said
City Council, be again offered for sale
to the highest bidder therefor, in the
fee
and in case said bidder falls to deposit
with the City CLERK the remaining nine
four P' hours @ AFTER it's to acceptance @ep the
award to him of said franchise will be
set aside, and sthe deposit heretofore
nldue Dy MIN Will De IOr1elteQ, ana no
further proceedings for the sale of said
franchise will be had until the same
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-
ticient 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,
7-1-10 lot City Clerk.
Ordinance No. list