Los Angeles herald., 1906-06-25
PUBLIC ADVERTISING

OF the city Council. ana Of the Boarus
OF Police Commissioners. Fire Commits
Com missioners and civil Service Com
mi sSiOners, the members of the Boaru
ol ,1,, Health. the members Of the Board Of
Schools and the Directors OF the Pub
lie Library, free over safd road ana
over any other road or roads within
sald city which said grantee or his or
Its successors or assigns does now or
may hereafter own. control or operate.
subject at all times TO such reasonable
regulations as said Rrantee and his or
Its successors or assigns may prescribe.
crowded further. tnat said grantee
an an his or It's successVts and assigns
Collector Of the city OF Los Angeles
the license upon each car that Is now
or may be. hereafter fixed by the Or
dinances OF said city.
That the said grantee and his or it's
5Iiurccessors and assigns shall during tho
ne Of said franchise pay to the city OF
united states, two per cent Of the gross
annual receipts of such grantee and his
OF It's successors and assigns, arising
OF said franchise. No percentage shall
be paid for the first five years succeed
ttnng the date Of said franchise. but
thereafter such percentage shall be
payaple annually, and said franchise is
70 be forfeited. by failure TO make the
aytbmepts tbc rus PROVIDED for , for Pr9yided that
granted shall be an extension of ali
existing system of street railroad then
e tne gross receipts shall be estimated to
total gross receipts OF said system
which the mileage of such extension
system, and said estimate shall be con
elusive as to the amount of the gross
receipts Of said extension.
And 1t shall be the duty of the
grantee OF said franchise and Of his or
It's successors and assigns to file with
the the City. Clerk Of the. City Of Los An
Eeles, Mt the expiration Of six years
from the date Of the granting Of said
1ranchise and at the expiration of each
md every year thereafter. a statement.
verified by the oath of said grantee or
his or its successors or assigns or by
the oath OF the manager or presiding
oLticer OF said grantee or his or its
successors and assigns, showing the to-
tai gross receipts and gross earnings
corrected or received by said grantee
or his or its successors or assigns dur
ing the preceding twelve months. from
all traffic over any part of the line for
lhe construction and operation of which
SAID franchise is granted. or over any
OF which Il may be an extension, and
from all other sources. and within ten
Gays after the time for filing afore-
SAID grantee and his or its successors
ana an6 assigns to pay to the City Treas
urer OF the city. of Los Angeles the
aggregate sum of the said percentage
upon the amount of the gross annual
receipts arising from the use, operation
VI % possesslon OF said franchise, deter
mined and computed in the manner
herefnbefore provided
And any neglect. omission or refusal
oy SAID grantee or his or its successors
or assigns to file said verified state
ment, or to pay the said percentages of
ne said gross annual receipts, at the
times or IN the manner hereinbefore
provided shall ipso facto work a for
feiture of said franchise and of all
lights hereunder. to the City of Los
That the work of constructing said
road shall be commenced In good faith
within not more than four months
rom fro tne date anG Of the granting of said
prosecuted thereafter in good faith and
without unnecessary or avoidabie in
termission or delay; that said work of
not more than three years thereafter;
that said work of construction shall be
commenced and continuously prosecuted
so that at least one-third Of the work
of constructing said road shall be com
p!eted within one year from the time
or commencement; and that If said
or completed within the times. or in
the manner specified said franchise
shall be forfeited
cessors or assigns. shall not sell, trans
| fer or assign said franchise or any OF
the rights rights or privileges granted there
the city Clerk OF the City q Los An
Sebng and IN sdG Rrpvqed further that
grantee or his or its successors or as
igns sgsen any sSid rgEat to sell transfer or
rights or privil eyes thereby granted,
except in the manner aforesaid.
R's have hi the Gt6 e6t at ff the 1ss esprae6n of
the aforesaid period Of twentyrone years
to purchase the rails, track. and roadbed
hereinbefore mentioned, belonging to said
grantee or his or its successors
in in = 81 interest crest laid or or constructed
used by said grantee or or his is" or @ its
successors in interest. in the exercise of
this franchise. at a fair valuation. pro-
vided that the option to make such pur-
chase shall be declared by resolution OF
| the City Council passed not more than
| three years nor less than six months prior
| one years.
The valuation of the property pro-
posed to be purchased pursuant to the
determined by a board Of three arbi-
traitors. of whom one shall be appoint
ed by the city. one by the said grantee
| the third by the two arbtrators so APP
| pointed. Said arbitrators shall be ap-
pointed within thirty. days after the
to purchase said properly. In case said
arbitrators fail to, make and file an
award within the time hereinafter linn
shall be appointed as hereinbefore pre-
scribed. to determine the valuation OF
| said property The board of arbitrators
| shall imediately upon the appointment
| of It's members enter upon the dis
charge of its duties. Any vacancy in
| the board of arbitrators shall he filled
by, the party who made the original ap-
| pointment to the vacant place The
| award of the arbitrators must be made
and filed with the City Clerk of said
| city within three months after their
appointment, and a majority of the ar
bitrators who agree thereto may make
| such award.
The amount of the valuation of said
property determined by the arbitrators
as hereinbefore provided shall be paid
by the city to said grantee or his or
it's successors or assigns, in lawful
money of the United States, upon the
expiration of the aforesaid period Of
twenty--one years, or, If the award OF
the arbitrators shall not have been
made and filed at least two months
before the expiration of said period OF
twenty-one years, then within two
months after the filing of said award,
Upon the making of said paym ent the
title and right of possession of ali 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 fharauDo,. i,,e,,,a