Los Angeles herald., 1905-08-04

months after the 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
Angeles.
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 it's 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
Notice is also hereby, given that
for said franchise up to eleven o'clock
September, 1905; that the bids received
will be opened at that time; that. all
bids must be for, the payment of a
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 ,,ln 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
the United States. Each sealed bid must
be accompanied with cash. or certi-
fled check payable to the City Treas
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
deposit at least ten per cent of the
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
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-
til said franchise is struck off. sold
and awarded to a bidder who shall
make the necessary deposit of at least
as herein provided. Said successful
bidder shall deposit with the City Clerk.
within twenty-four hours after the ac-
ceptance OF his bid, the remaining nine
ty per cent of the amount thereof and
in case he or Il falls to do so. then the
said deposit heretofore made will he
forfeited. and the award of said fran
chise will be void, and said franchise
will then and there by said City Conn
ell be again offered for sale 10 the
highest bidder therefor. in the same
manner and under the same lestric-
tions as hereinbefore provided. and in
case said bidder fails 40 deposit with
per cent of his bid within twenty four
hours after its acceptance, the award
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
shall be readvertised for sale.
Notice Is also hereby given that the
successful bidder for said franchise
chise Is awarded TO him or II. tile with
the city Council a bond running TO said
dollars. with al least two good and suf-
ficient sure ties, to be approved by said
City Council. conditioned that said bid
and perform each and every term and
lnnnditinn Of said franchise and that in