Los Angeles herald., 1905-12-26

months after. the filing Of said award.
! Upon the making of said payment the
property shall pass to the city of Los
Angeles,
That any neglect, failure or refusal
said franchise shall thereupon s po1uir11 immeiie
thereof and the said city, by it's city
/ franchise forfeited, and may exclude
said grantee. or his or its successors
and and assigns; from further use of the
streets OF said city under said francrise
and said grantee and his or its su,csss-
ors and assigns shall thereupon aad i'm
tbeda,9S tbe all rights in and to
of no effect. N'N
sealed bids. in writing, win be received
in the forenoon Of The ssd Yts% day Of 0snGt Jsnu
VIII be 'S Opened a9 at that tme fsssiysn tss al
bids must be for the payment of a
stated sum in gold coin Of the United
struck off sold and awarded ititsi to TO-" the be
person. firm or corporation who shall
opening said bids any responsible per-
representesd[,. n. may bid for SAID franchiSe
ths highest seaed G BID Psr thefefor fen5 abeys sHs
that said bid so made may be raised
'n bddePP fdG ssg SsGt sd by any her
may so continue until finally said franz franz
chise shall be struck off sold and
highest bidder therefor in gold coin i or of
the United Sta tes Each sealed bid must
pc accompanied with cash. or a certi-
urer OF the City Of Los oe Angeles Tes areesr for
she,ed she fpll h,a amount Of said bid. and no
With; and the successful bidder must
deposit at least ten per cent OF the
amount sn,ou1 .o, Of bis bid with the City Clerk
sI,oh to him 1sran9l and T. he shall fail to make
as as' void 9s dreeeyed "a and viii be considered
ana and there be again offered for sale to
tn the he, BIDDER S,d & who shall make the highest
conditions as to deposits as above b men, men,
TONED; Said procedure will be had un-
tia til said ID, I franchise is struck off. sold
make the necessary deposit Of at least
ten ,rer cent of the amount Of his bid.
hiddnn hs herein et, :, provided Said successful
within twen ty-four hours after +he ac-
ooeptance of his bid. the remaining nine
~ per cent of the amount thereof, and
said deposit Heretofore male vii will be be
forfeited; and the. award OF SAID fran
G tben w abs b Nod and an sad rchse
highest bidder therefor. in the same
manner and under the restric-
case said bidder fails to deposit with
the City Clerk the remaining ninety
per cen. of his bid within twenty -four
hours after it's acceptance, the award
TO him of said franchise will be set
aside: and the deposit heretofore made
6y 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
c frtxy
successful bidder for said rrenchise
must. within five days after said fran
chise is awarded to him or 1t, file with
the City Council a bono running to said
city In the penal sum of five hundred
dollars. with at least two good and suf-
ficient sure ties, 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 1ureties upon said bond II said
franchise will be set aside, and any
money paid therefor will be forfeited.
H. j. LELANDE
12-21-30 lot City Clerk,