Los Angeles herald., 1905-11-14
PUBLIC ADVERTISING


termine the valuation of said prop
Immediately upon appointment ot
It's members enter upon the discharge
OF its duties. Any vacancy IN the board
party who made the original appoint
Of the arbitrators must be made and
filed with the City Clerk of said city
within three .months after their ap-
pointment and a majority OF the arbi-
traitors who agree thereto may make
The amount OF the valuation Of said
property determined by the arbitrators
as herelnbefore provided shall be paid
o ts tse Gs 30 or asssns In 0awfn
piration Of the aforesaid period Of
the srbitrators Al shall not V have wb been IN
made and filed at least two months be-
fore the expiration OF said period OF
months after the hing Of id'p sad award ARD
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
to comply with any of the conditions of
said franch,se ,anc ,so,d shall thereupon imed.
thereof and the said city, by it's city
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 its success
mediately 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
cember. 1905; that the bids received
will be opened at that time; that all
bids must be for, the payment. of a
struck of, sold and awarded to the
person firm, or corporation who shall
de oh tha cash at 9s 9ha tSe
opening said bids any responsible per-
son. firm or corporation. present or
n6f esa may nd tfo f0r said
the highest Sealed bid tn therefor. rens aUon and
that. said bid so made may be raised
not less than tsG per cent by any other
may SO continue until finally said fran
chise shall be struck off sold and
a,wsrded BY said City Council to the
the United States. Each sealed bid must
be accompanied with cash, or a certi-
fled check payable to the City. Treas
the. full amount of said bid, and no
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
such deposit imme ediately his Rhis bid viii
not be received. and will be considered
as void. and said franchise will then
the bidder who shall make the highest
cash bid therefor, subject to the same
conditions as to deposits as above mem
ti9nsd ssd Said GTSeednre Will be h9d
and awarded to a bidder who shall
make the necessary deposit of at least
ten per cent of the, amount of his bid.
bidder shall deposit with the City Clerk.
within twenty-four hours after The ac
ceptance of his bid. the remaining nine
in case he or 1t fails to do so, then the
said deposit heretofore, made will be
forfeited; and the. award Of sai1 fran
will then and there by said CITY Coun-
ell be again offered for sale to the
highest bidder therefor, in the same
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 twenty four
to him of said franchise will be SET
aside, and the deposit heretofore made
by him viii 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 franchise
must. within five days after said fran :
| chise is awarded to him or 1t, file with
| the City Council a bond running to said
dollars, with at least two good and suf-
| ficient sure ties, to be approved by said
City Council. conditioned that said bid
der shall we'll and truly observe, fulfill
each
| condition of said franchise. and that in
case Of any breach of condition of said
bond the whole amount of the penal
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.