Los Angeles herald., 1906-06-26
PUBLIC ADVERTISING

OF Police Commissioners Fire Commits
Commissioners and Civil Service Com
missioners, the members Of the Boaru
o., Health. the members Of the Board Of
Education, City superintendent OF
Schools. and the Directors Of the pub
lie Library, free over said road and
over any other road or roads within
said city which said grantee or his or
may hereafter own, control or operate.
subject at all times TO such reasonable
tsg tsgsIstions as IS said Srantes and his or
provided further, tnat said grantee
ana his or its successufs and assigns
659 tRs cy ctyy Tex of s and kSssss hGenss
the license upon each car that is now
or may be. hereafter fixed by the Or
That the said grantee and his or it's
s,iuiccessors and assigns shall during the
Los oa 4neaisf s9lg franchise pay to the CITY or
United States, two per cent Of fhe gross
annual receipts OF such grantee and his
OF It's successors and assigns, arising
dTom ~ M the use, operation or possession
be paid for the first five years succeed
ing the date OF said franchise but
rnereafter IN s,,, "a. such percentage shall be
payable annually, and said franchise is
to be forfeited by failure TO make the
payments provided for. Provided, that
II the road for which said franchise is
EXISTING system of street railroad, then
the gross receipts shall he estimated to
total toe gInehsf er6ss rofo Of the proportion Of the
which the mileage of such extension
pears to the total mileage of the whole
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
Erantee OF said fran Use and Of his or
the City Clerk OF the City Of Los An
Eeles. at the expiration of six years
fro ron II the date OF the granting Of said
and every year thereafter, a statement.
verified by the oath of said grantee or
ms MS or It's successors or assigns, or by
Ine Ine, oath OF the manager or presiding
oI1icer OF said grantee or his or its
successors se and assigns. showing the to-
oaI, oai gfoss receipts and gross earnings
or his or its successors or assigns dur
lng the preceding twelve months from
AZ az traiIic i oyer any part Of the line for
SAID franchise is granted. or over any
part or the system of street railroad
OF which It may be an extension, and
days after the time for filing afore-
said statement It shall be the duty of
sald grantee and his or It's successors
urer of the City of Los Angeles the
aggregate sum of the said percentage
uIoniu upo1i the amount of the gross annual
receipts arising from the use, operation
or possession Of said franchise, deter
mined and computed in the manner
nere1nbefore provided.
by said grantee or his or its successors
| or assigns to file said verified state
nhent, ne e. or to pay the said percentage of
tne sald gross annual receipts, at the
times or in the manner hereinbefore
provided shall ipso facto work a for
fe1ture of said franchise and of all
niBnes hereunder to the City of Los
That the. work of constructing said
T1,td,ts Toad shall be commenced in good faith
from the date of the granting Of said
franchise, and shall be continuously
prosecuted thereafter in good faith and
termission SnGu5 unnecessary M SIy or avodable In
construction shall be completed within
not more than three years thereafter:
onts Una. said work OF construction shall be
SO that at least on e-third Of the work
| OF constructing said road shall he COM
Pieted within one. year from the time
work be not so commenced, prosecuted
or completed within the times. or in
the, the manner ha Specified said franchise
That said grantee or his or its sue
cessors or assigns shall not sell, trans-
fer or assign said franchise or any OF
by, except by a duly executed instru-
ment IN writing. filed in tbs. office of
the efss City Gle Clerk Of The city e Los An
nothing in said franchise contained
SHAH be construed to grant to said
gns ang Sr Rs rgb It's to ss
assign said franchise or any of the
rights or privileges thereby granted
EXCEPT Th9t in +5o the manner Pam aforesaid.
shall have the right at the e expIratio9 aeies Of
the aforesaid period Of twentyH-one we Years rs
to purchase the rails. track. and roadbed
hereinbefore mentioned, belonging to said
grantee intsrest or his or its successors
sucoessors IN interest: in the exercise o, Of
this s. franchise tnn, at a fair valuation, pro-
chase shall be declared by resolution OF
the City Council passed not more than
three years nor less than six months prior
! to the expiration OF said period of twenty
| one years
The valuation of the property pro-
posed post,s, to be purchased pursuant to the
traitors, of whom one shall be appoint
ed by the city, one by the said grantee
or MS tS,TG or Its IN interest and
pointed Said arbitrators shall be ap-
pointed within thirty days after the
declaration by the city of its option
arbitrators fail to make and file an
award within the time hereinafter lin
| lieu, II new DOdTu OF tnree arhitra tors
| snail be appointed as hereinbefore nre-
| scribed, to determine the valuation OF
said property. The board of arbitrators
shall imediately upon the appointment
| of Its members enter upon the dis
charge of its duties. Any vacancy in
| the board OF arbitrators shall be filled
by the party who made the original an
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
its successors or assigns, in lawful
| expiration Of the aforesaid period OF
twenty-one years. or If the award OF
| the arbitrators shall not have becn
made and filed at least two mon ths
| 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 payment 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 thereupon fnme-
| diately ipso facto effect a forfeiture