Los Angeles herald., 1905-12-24

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
That any neglect. failure or refusal
70 comply with any Of the conditions OF
ately ipso facto effect a forfeiture
thereof and the said city. by its city
G9TnGbii Tsncbi.o may Yayy,o otheGTeupo9 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 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
of no effect.
81 Notice ,od is also hereby, given that
in the forenoon of the 22d day of Janu-
srXy; 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 bo
person. firm. or corporation who shall
make the highest cash bid therefor;
proyii6ed, prov on only; H. that at the time OF
represented may bid for said franchise
sesss sS ts9 S Test aboy Ns
that, said, bid SO made may be raised
not less thsn, ten per cent by any other
may so continue until finally said dq franz
chise shall be struck off sold and
ssTarded symSSL. By SAID city Council to tho
Unted sates EaS seaEed e Eoidb bd GGn muSt S
be accompanied with cash. or certi-
nFer red check af tbep payable tS 81 to the City Treas
the, full, amount OF said bid. and no no
sealed bid will be considered unless
said said cash na or , check Is enclosed there
%ount lis bid eW wts Rst the ee9s City Sf ceHs ns
to him. sam and fPehSe II he shall w s he struck to ss fs
not be received. and will be considered
and there be again offered for wn sale tnen "a
the bidder who shall make the highest
cash bid therefor. subject to the same
toned: Said procedure will be had un-
III said franchise is struck off sold
ana @ awarded to a bidder. who shall
ten FER cent OF the amount OF his bid
as herein provided. Said succcssfui
S,hder %f,b1r shaI, hal deposit with the City Clerk
ceptance Of his bid, the remaining nine
ty per per cent sn OF :, the amount thereof and
said deposit heretofore made viii be
chise. will be void and said franchise
cii be again offered for sale to the
highest bidder therefor. in the same
manner and under the restric-
tions as ,hereinbefore provided and in
case said bidder fails to deposit with
the City Clerk the remaining ninety
per cent of his bid within twentv -four
hours after it's acceptance, the rward
10 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 readvertsed 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 a bono ~unning to said
city, In the penal sum of five hundred
dollars. with at least two good and suf-
ftcient surcties. 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 Iureties 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.
12-21-30 lot City Clerk.