Los Angeles herald., 1905-11-16
PUBLIC ADVERTISING

termine the valuation Of said prop,
erty The board of arbitrators snail
| immediately upon appointment of
its members enter upon the discharge
of arbitrators shall be filled by the
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-
trators who agree thereto may make
The amount of the valuation Of said
property determined by the arbitrators
as hereinbeforo 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-
vents. years. or, sSte Il the award award Of
the arbitrators shall not have been
made and filed at least two months be.
s yesTs then n s''q within RSfOd two
months after the filing of said award.
Upon the making of said payment the
property shall pass to the City Of Los
Angeles.
That any neglect, failure or refusal
said franchise shall thereupon immedi.
ately ipso facto effect forfeiture
| thereof, and the said city. by its city
SounibI STancbIss may tthedTeupo63 declare SAID
said grantee. or his or its 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
| Tor said franchise up to eleven o'clock
| in the forenoon of the 11th day of De-
cember. 1905; that the bids received
Wili be opened at at that time; that all
/ stated sum in gold coin Of the United
States; and that the franchise will be
struck off sold and awarded to the
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
the highest LIB t, sealed bid therefor. and
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
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
deposlt ut least ten per cent of the
before said franchise will be struck off
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
conditions as to deposits as above men
TONED; Said procedure will be had un-
I'll said franchise is struck off sold
make the necessary deposit of at least
ten .rer cent of the amount of his bid
as, herein provided. Said successful
within twentyfour hours after -he &C
ceptance of his bid the remaining nine
~ per cent of the amount thereof, and
in case he or It fails. to do So then the
said deposit heretofore made will be
forfeited: and the award of said fran
chise. will be void. and said franchise
ell be again offered for sale to the
highest bidder therefor in the same
manner and under the restric-
case said bidder fails to deposit with
the City Clerk the remaining nihety
Per cent .. Of his bid within tw,enty.tour
TO him Of said franchise will be set
aside, and the deposit Heretofore mad e
ny him will be forfeited and no fur
franchise will be had until the same
shall be readvertised for sale
Notice is also hereby given that the
successful bidder for said fronchise
must, within five days after said fran
chise Is awarded to him or It, file with
the City Council a bond running to said
city, in the penal sum of three thousand
dollars. with at least two good and suf-
| ficient suroties. 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
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. ]. LELANDE,
| 11-7-16 lot City Clerk.