Los Angeles herald., 1905-11-10
PUBLIC ADVERTISING

bitrators shall be appointed as
hereinbefore prescribed, to. de-
termine the valuation OF said prop,
Immediately upon appointment Of
Its members enter upon the discharge
OF It's duties. Any vacancy In the board
party who made the original appoint
ment to the vacant place The award
Of the arbitrators must be made. and
within three months after their ap-
pointment, and a majority OF the arbi-
traitors 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 its successors or assigns, in lawful
money OF the United states, upon the ex-
piration OF the aforesaid period of
twenty.one years, or. II the award of
made and filed at least two months be-
fore the expiration of said period OF
twenty-one years: then within two
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-
aatteiy ipso fafto sto effect a foirfeitgre
Council may thereupon declare said
franchise forfeited, and may exclude
said grantee, or his or It's successors
and assigns, from further use Of the
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 11th day Of De-
cember, 1905; that the bids received
bids must be for the payment of a
stated sum in gold coin Of the United
States; and that the franchise will be
person, firm or corporation who shall
make the highest cash bid therefor;
provided. only that at the time of
opening said bids any responsible per-
son, firm or corporation, present or
represented, may bid for said franchise
a a sum not less than ten per cent above
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 fran;
awarded by said city Council to the
highest bidder therefor in gold coin OF
the United States. Each sealed bid must
be accompanied with cash, or a certi-
fled check payable to the City Treas
urer OF, the City of Los Angeles, for
the, full amount OF said bid, and no
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 If he shall fail to make
such deposit Immediately. his bid will
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 deposits as above men
toned Said procedure will be had un-
til said franchise is struck off sold
and awarded to a bidder who shalt
make the necessary deposit of al least
ten per cent of the amount of his bid.
as herein provided. Said succcsstul
bidder shall deposit with the. City Clerk.
ceptance of his bid, the remaining nine
ty per cent of the amount thereof and
in case he or 1t fails to do so. then the
said said deposit th1eretofore, made will be
chise VIII be void, and said franchise
will then and there by said CITY Coun-
Sii 81 Dc again Offered for sale to the
manner and under the restric-
tions as hereinbefore provided, and in
case said bidder fails to 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
franchise will be had until the same
shall be readvertised for sale
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 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 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 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.
H j. LELANDE,
ll-1-16 lot City Clerk.