Los Angeles herald., 1906-06-28
pueLIc ApvER1IslNe

I blOnefSt W aNeT COmmISSIOnc cTH. INIh
nissloners, the members Of the Boaru
\ Of Health. the members OF the Board ot
Education, City superin dent ot
Schools, and the Directors OF the PUB
/ Ito Library. free over said road and
over any other road or roads within
said city which said grantee OF his or
! It's SUCCESSORS or assigns does now or
may hereafter own. control or operate,
subject at all times to such reasonable
regulations as said grantee and his or
prociSsS or assigns may prsssTipe
and his OF it's successvrs and assigns
shall pay TO the City Tax and License
COLLECTOR of the city OF Los Angeles
OF may be hereafter fixed by the Or
dinances of said city.
That the said grantee and his or It's
successors and assigns shall during the
life Of said franchise pay 10 the city OF
Los angeles, In lawful money OF the
United states, two per. cent of the gross
annual receipts Of such grantee and his
Or It's successors and assigns, arising
from the use, operation or possession
OF said franchiss No percentage shall
Pc Pc PAID for the first five years succeed.
thereafter such percentage shall be
payable annually, and. said franchise is
to be forfeited by, failure 60 make the
the road for which said franchise is
granted shall be an extension OF an
EXISTING system of street railroad, then
be one-half Of the proportion Of the
total. gross receipts of said system
which the mileage of such extension
ssstem 70 nS The tstS totsl Mileage Of the whole
elusive as to the amount of the gross
receipts. of said extension,
And It shall be the duty OF the
grantee OF said franchise and OF his or
its successors and assigns to file with
| the City Clerk Of the City OF Los An
Eeles' at the expiration of six years
franchise and at the expiration Of each
ana every year thereafter. a statement
verified by the oath OF said grantee or
rs rs or It's successors or assigns, or by
tne oath of the manager or presiding
oIIicer OF said grantee or his or It's
successors and assigns, showing the to-
tai gross receipts and gross earnings
colieoted or received by said grantee
or his or its SUCCESSORS or assigns dur
ing the preceding twelve months. from
~ traf1ic over any part of the line for
said franchise is granted, or over any
part or the system of street railroad
CIV o. which Il may be an extension, and
days az aftep 3ther ths sources fs and within ten
said statement It shall be the duty OF
SAID grantee and his or its successors
arer ara asssiFhs os ms to pay to the City Treas
aggregate sum OF the said percentage
upon the amount OF the gross annual
receipts arising from. the use, operation
|
mined and computed In the manner
herein before provided.
And any neglect, omission or refusal
or assigns to file said verified state state
ment or to pay the said percentage of
tne SAID gross annual receipts, at the
rrnt,sd LINES or nth. In the manner hereinbefore
provided shall ipso facto work for
felture of said franchise and of all
Tignts hereunder, to the City of Los
| That fJ,a ,,,orI, 80 4,
road shall be commenced in good faith
within, not more than four months
fronchis from TIE date late Of the granting Of said
prosecuted thereafter in good faith and
without unnecessary or avoidabIe in
termission or delay; that said work of
construc ction shall be completed within
that said work Of construction shall be
comm en- ced and continuously prosecuted
SO that at least one-third of the work
pleted within one year from the time
OF commencement; and that II said
work be not SO commenced, prosecut ed
or completed within the times, or in
shall be forfeited
That said grantee or his or its suc-
eessors or assigns shall not sell. trans
Ter or assign said franchise or any OF
the rights or privileges granted there
by except by duly executed instru-
nsf tSs t1 IN TEting ar &, fed ths II tbs qftce Of
geies: and provided further, that
shall be construed to grant to said
s any s rgh Sf to eS sei ranser Ga
assign said franchise or any OF the
rights or privileges thereby granted
HTffSpt TSpst in the the %afper cT of ss
shall have the right at the % expiration ueeies q,
the aforesaid period of twentyrone wears
to purchase Is, the rails. track and roadbed
hereinbefore mentioned. belonging to said
grantee or his or its successors s
hna. In interest crest rria. laid or constructed
used by said grantee or his or its
successors, in interest. in the exercise OF
this franchise, at a fair valuation, pro-
chase. shall be declared by resolution OF
the City Council passed not more tha 7
three years nor less than six months prior
to the expiration Of said period Of twenty.
The valuation of the property pro
posed to be purchased pursuant to the
provisions OF this, Ordinance shall he
traitors. of whom one shall be appoint.
ed by the city, one by the said grantee
or his or Its successors in interest, and
pointed. Said arbitrators shall be al.
pointed within thirty days after ths
declaration by. the city of It's optior
arbitrators fall to make and FIJI file So ar ~
award within the time hereinafter lin
tied. a new board of three arbitra for,
shall be appointed as hereinbefore pre.
scribed. to determine the valuation O.
said property The board of arbitrat tor.
shall imediately upon the appointmen.
of it's members enter upon the dis,
charge of its duties. Any vacancy ir
i the board of arbitrators shall be filI eS
| by the party who made the original n n
pointment to the vacant place. m.
award of the arbitrators must be ma n
and filed with the City Clerk OF sal,
city within three months after thei,
appointment, and a majority Of the ar
such award.
The amount of the valuation OF sal,
property determined by the arbitrator
as hereinbefore provided shall be mai,
by the city to said grantee or HIS o,
| its successors or assigns in lawn
money of the United States, upon n,
expiration of the aforesaid period o
twenty-one years. or, II the award o
the arbitrators shall not have bee,
made and filed at least two month
before the expiration of said period o
TWEEN ty-one years. then within tw,
months after the filing of said ava I'd
Upon the making OF said payment tn
title and right of possession Of all sal,
property shall pass to the City OF Lo
That any neglect. failure or refusa
to comply with any of the conditions o
said franchise. shall thereupon inTn q