Los Angeles herald., 1905-07-29
PUBLIC ADVERTISING

in any manner gained or derived by the
said grantee or its successors or as
months from the use of said pipe line,
and from or on account Of the carriage
or transmission OF oil through the same.
And within ten days after the time for
filing the aforesaid statement it shall
be the duty OF said grantee, OF its sue
Treasurer of the city Of Los Angeles
! the aggregate sum of the said percent
age upon the amount OF the gross an
nual receipts arising from the use, op-
Grafton or possession of this franchise,
determined and computed in the manner
hereinbefore provided And any neglect,
omission or refusal by said grantee, or
its successors or assigns to file said
VERIFIED statement, or to pay the said
ceipts, at the times and in the manner
| hereinbefore provided, shall ipso facto
work forfeiture. of the franchise here
to the City of Los Angeles.
That any neglect, failure or
refusal to comply with any Of the con-
upon Immediately ipso facto. effect a
forfeiture thereof, and the said city, By
this franchise forfeited, and may ex-
clude said grantee and its SUCCESSORS
and assigns. from further use of the
streets Of said city under said franchise,
and said grantee and its successors and
ately surrender all rights in and to the
deemed and shall remain null, void and
of no effect. Provided, however, that
shall have the right to remove said pipe
from said streets, subject to such regu-
lations as the said City Council may
That said grantee, or it's sue
cessors or assigns, shall not sell, trans
fer or assign said franchise, or any of
| the rights or privileges granted hereby,
except by duly executed instrument
| in writing, filed in the. office of tho
City Clerk of the City Of Los Angeles;
and provided, further, that nothing in
| said franchise contained shall be con-
strued to grant to said grantee, or its
successors or assigns any right to sell,
granted. except in the manner afore-
said
That the City of Los Angeles shall
have the right, at the expiration of the
aforesaid period, to purchase the pipe
streets hereinbefore mentioned, belong
| ing to the grantee of said franchise. or
his or its successors in interest, laid or
franchise, or used by said grantee or
his or its successors in interest in the
exercise of said franchise at a fair
valuation. provided that the option to
make such purchase shall be declared
by resolution of the City Council passed
not more than six months prior to the
expiration of said period of twenty-one
years.
The valuation of the property covered
BY the I aforesaid option or right to purs.
three arbitrators, of whom one shall be
appointed by. the city, one by the said
terest and the third by the two arbi-
traitors so appointed. Said arbitrators
shall be appointed within thirty days
option to purchase said property. In
case said arbitrators fail to make and
file an. award within. the. time. herein
bitrators shall be appointed in the same
manner as hereinbefore prescribed, to
determine the valuation Of said prop.
erty. The board of arbitratorS shall
Immediately upon the appointment of
its members enter upon the discharge
aga be ed me 5 bs
party who made the original appoint
ment to the vacant place. The award
filed with the City Clerk of said city
within three months after their ap-
pointment, and a majority Of the arbi-
traitors who agree thereto may make
The amount of the valuation of said
property determined by the arbitrators
by the city to said grantee, or his or
money of the United States, upon the, ex..
twenty-one years, or, if the award of
the arbitrators shall not have been
ore the f o saa perod
months after the filing of said award.
title and right of possession of all said
property shall pass to the City OF Los
Angeles.
to comply with any of the conditions of
said franchise shall thereupon immedi-
ately ipso facto effect forfeiture
thereof, and the said city, by its City
Council, may thereupon declare said
franchise forfeited, and may exclude
said grantee, or his or its successors
streets of said city under said franchise,
and said grantee and his or it's success
ors and assigns shall hal theT,eHPon s,5PP and IN,
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
of August, 1905; that the bids received
will be opened at that time; that all
bids must be for the payment Of q
States; and that the franchise will be
struck off, sold and awarded to the
person, firm. or corporation who shall
proVided IiaN ede only, that ' at the the TIM time OF
opening said bids any responsible per-
sr% or meS Bd fop SAID franchSs
the highest sealed bid therefor. and
that said bid so made may be raised
not less than ten per cent by any. other
responsible bidder, and said bidding
may so continue until finally said franz
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
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
deposit at least ten per cent Of - the
before said franchise will be struck off
to him, and If 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
conditions as to deposit as above mem
toned. Said procedure will be had un-
til said franchise is struck off. sold
and awarded to a bidder, who shall
| ten per cent of the amount of his bid,
as herein provided. Said successfpl
within twenty-four hours after the ac-