Los Angeles herald., 1905-11-09
PusLIc ADVERTISING

0REi1 ~ ~ AN6AiN1
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titrstors shall be appointed as
hereinbcfore prescribed 10 de
termine the valuation Of said prop
erty. The board Of arbitrators shall
s members enter YfRn upo5 tbs
OF It's duties Any vacancy In tho board
OF arbtrators shall he filled by the
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-
traitors who agree thereto may make
such award
as hereinbefore provided shall be paid
by the city to said grantee, or his
or its successors or assigns In lawful
piration of the aforesaid period of
twenty-one years, or, n the award of
the. arbitrators shall not have been
made and filed at least two months be-
fore the expiration Of said period OF
twenty-one years, then within two
months after the filing OF said award.
title and right Of possession Of all said
property shall pass to the city Of Los
Angeles.
to comply with any of the conditions OF
said franchise shall thereupon immedi-
ately ipso facto effect a forfeiture
Council, may. thereupon declare said
franchise forfeited, and may exclude
said grantee, or his or It's successors
streets Of said city under said franchise.
and said grantee and his or It's success
ors and assigns shall thereupon and i'm
medlately surrender all rights in and to
the same. and said franchise shall be
of no effect
Notice is also hereby given that
Cd In rit tri ha
for said franchise UP to eleven o'clock
in the forenoon of the nth day Of De
oember, 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 be
person firm or corporation who shall
make the highest cash bid therefor;
provided. only that at the time OF
son. firm or corporation, present or
represented, may bid for said franchise
a sum not less than ter, per cent above
that. said bid so made may be raised
not less than ten per cent by any other
responsible bidder and said bidding
chise shall be struck off, sold and
awarded by said City Council to the
highest bidder therefor in gold coin Of
be accompanied with cash, or a certi-
urer of the City of Los Angeles. for
sssed ss p bd viii 6d 9 s2a co6sled Sd and Snss
said cash or check is enclosed there
with and the successful bidder. must
debUslt at Last tt ten per ~" cent Of the
before said franchise will be struck off
to him, and If 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 there be again offered for sale to
the. bidder who. shall make the highest
cash bid therefor, subject to. the same
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 succcssful
within twenty-four hours after the ac-
ceptance of his bid, the remaining nine
ty per cent of the amount thereof, and
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 twenty four
o him Of SAID Will he be se
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 franchise
must, within five days after said fran
| chise is awarded to him or it. file with
the City Council 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
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 he 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. j. LELANDE.
11-7-1e lot City Clerk.