Los Angeles herald., 1905-08-05

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
medately 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
sealed bids, in writing, will be received
for said franchise up to eleven O'Clock
in the foren0on Of the fifth day of
will be opened at that time; that all
bids must be for. the payment of a
stated sum in gold coin of the United
struck off, sold and awarded to the
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
the highest sealed bid therefor and
that said bid so made may be raised
not less than ten per cent by any other
responsible tdte bidder and said bidding
ohise shall be struck off, sold and
awarded by, said City Council to the
highest d bidder d. therefor in gold coin q
be accompanied with cash, or a certi-
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
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 and there be again offered for sale to
cash bid therefor, subject to the same
conditions as to deposit as above mem
| toned: Said procedure will be had un-
til said franchise is struck off, sold
make the necessary deposit of at least
ten per cent of the amount of his bid
as herein provided. Said successful
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 II falls to do so. then the
said deposit heretofore made will be
forfeited; and the award of said fran
chlse VIII be void, and said franchise
will then and there by said City Coun-
ell be again offered for sale TO the
highest bidder therefor in the same
manner and under the same lestrie-
tions as hereinbefore provid ed, snd in
case said bidder fails to deposit with
the City Clerk the remaining nihety
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 frenehise
must. within five days after said fran
chise is awarded 10 him or II. lille with
the city Council a bond running TO said
city, IN the penal sum OF five thousand
dollars, with at least two good and suf-
ficient 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