Los Angeles herald., 1905-11-13
PUBLIC ADVERTISING

erty. The board Of arbitrstors snail
its members enter upon the discharge
OF erbitrators shall be filled by the
party VINO 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-
polntment, and majority of the arbi-
sraiors sneh rs who agree thereto may make
The amount Of the valuation Of said
property determined by the arbltrators
by the city to said grantee, or his
on lts SUCCESSORS or assigns, In lawful
money Of the United States, upon the ex.
twenty. years, or, ,V Il the the award Of
made and filed at as least two two months no fsa be-.
twenty-one years. years" then saw within rUu 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
That any neglect. failure or refusal
said franchise shall thereEupon immedi- mined
ately ipso facto effect forfeiture
thereof, and the said city by its city
franchise forfeited and may exclude
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
Notice is also hereby given that
seasd sa PIGS IN Writing VIII be reeeIyed
in the forenoon Of the nth day OF De.
cember, 1905; that the bids received
Ss 3 9s must PeBbsd be fSt at Pst The bnptt %e that t all
stated sum in gold coin of the United
States; and that the franchise will be
struck 9ff sold and awHrded to the
make the highest cash bid therefor:
provided. only. that at the time Of
opening said bids any. responsible per-
TSpresented may bid for t1T" SAID franz franchise
q sum not less than ter. per cent above
respon sible 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
deposit at least ten per cent of the
before said franchise will be struck off
to him, and II 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
conditions as to deposits as above men
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 ao-
ceptance of his bid the remaining nine
ty per cent of the amount thereof, and
forfeited, and the award of said fran
chise will be void, and said franchise
T then rsn and there by said city co1n
highest bidder therefor. in the same
manner and under the restric-
tons sa;o as hsTsinbef9re and II
the City Clerk the remaining nihety
per cent Of his bid within twentv-four
hours after its acceptance. the, eward
TO him of said franchise will be set
aside, and the deposit heretofore made
by him will be forfeited and no fur,
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 a bond running to said
city, in the penal sum of three thousand
dollars. with at least two good and suf-
ftcient suroties, to be approved by said
City Council, conditioned that said bid
der shall we'll 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
sum therein named shall be taken and
deemed to be liquidated damages. and
shall be recoverable from the principal
and 3ureties 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,
11-7-16 lot City Clerk.