Los Angeles herald., 1906-06-24
PUBLIC ADVERTISING

Whlle on duty, the Mayor ana members
I OF the, city Council, and Of the Boarus
/ Of Police Commissioners, Fire Commis-
Sioners, Water Commissioners. Park
commissioners and Civil Service Com.
1 mlssioners, the members OF the Boaru
or o, Iteaith. the members Of the Board OF
Education, City Superinten dent OF
SSIch9{oils and the Directors of the Pub,
nc Library, free over said road ana
over any other road or roads within
ssaid city which said grantee or his or
. US successors or assigns does now or
subject at all times to such reasonable
Regulations a s said grantee and his or
'ts ,sucfisssors or assigns may prescribe.
5,rqylded further, that said grantee
and his or its SUCCESSORS and assigns
SSn33u pay 70 the City Tax and License
tGtolleGtor or the city Of Los Angeles
or may be herea fter fixed by the Or
dinances Of said city
That the said grantee and his or its
successors and assigns shall during the
Iife OF said fran nchise pay to the city Of
Los Angeles. I'm lawful money OF the
o,' On,ted states, two per, cent of the gross
or its successors and, assigns, arising
ar from m ne use. operation or possession
ppse na,d Said ffranGhise ira . NJ percentage shall
ing the date of said franchise, but
thereafter such percentage shall be
baybaolfe ba afnqItnaally and said fran hse Is
payments provided for. Provided, that
II the road for which said franchise is
granted shall be an extension of an
existing system of street railroad, then
the gross receipts shall be estimated to
pc one-half of the proportion of the
total gross receipts of said system
bears to the total mileage of the whole
system, and said estimate shall be con-
clusive as, to the amount of the gross
receipts or said extension
And 1t shall be the duty of the
grantee of said franchise and OF his or
ITS Is successors lli,,. % and assigns to file with
geles, at the expiration of six years
from the date of the granting of said
franchise and at the expiration of each
ana 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
OFFICER of said grantee or his or IFS
successors and assigns. showin z the to-
tai gross receipts and gross earnings
corrected or received by said grantee
I p, ntg tSo or Ies Successors or assigns dur
all traffic over any part OF the line for
the construction and operation-of which
said art trfanGhise f Is granted, or over any
OF which 1t may be an exten sion, and
IRON az other sources, and within ten
Gays after the time for filing afore-
SAID grantee and his or It's successors
ana assigns to pay to the City Treas
urer OF the City, Of Los. Angeles the
upon the amount of the gross annual
receipts arising from the use. operation
or possession of said franchise, deter
hereinbefore provided
And any neglect, omission or refusal
oy said grantee or his or it's successors
or assigns to file said verified state
the said gross annual receipts. at the
times or in the manner hereinbefore
provided shall ipso facto work a for.
TEXTURE of said franchise and of all
rights hereunder, to the City of Los
Angeles.
That the work of constru citing said
road snail be commenced in good faith
from the date of the granting of said
franchise, and shall be continuously
prosecuted thereafter in good faith and
td1 tMi.nodut unnecessary or avoidable in
construction shall be completed within
not more than three years thereafter;
that said work of construction shall be
so that at least third of the work
OF constructing said road shall be com
pieted within one year from the time
OF commencement; and that If said
or completed within the times. or in
the manner. specified, said franchise
shall be forfeited.
That said grantee or his or its sue
cessors or assigns shall not sell, trans
Ter or assign said franchise or any OF
bY tne rHsnnt TIGHTS Or privileges granted there
ment in writing, filed in tbs office Of
the toeoS City Clerk Of the City II Los An
shall Be construed to grant r ott to 'ai"Id said
grantee or his or its successors or as
signs ssssr any s,d right to sell transfer or
rights or privileges thereby granted,
except in the manner aforesaid.
sha TRa bavt th the GB TF % Of the Los ATssss
the aforesaid nariOd Of fuya fxr-o
to purchase the rails, track and roadbed
and all property in any of the streets. |
hereinbefore mentioned, belonging to said
under, the grant hereby made or
used by sad ~ grantee or his or its
this franchise, at a fair valuation. pro-
vlded 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
to the expiration Of said period of twenty
one years.
The valuation of the property pro-
posed to be purchased pursuant to the
provisions OF this Ordinance shall be
determined by a board OF three arbI-
traitors, OF whom one shall be appoint
or his or its successors in interest, and
the third by. the two arbitrators so ap-
pointed pointed. SAID arbitrators shall be ap
declaration by. the city Of its option
to purchase said property. Tn case said
arbitrators fail to. make and file an
award within the time hereinafter linn
tied, a new board of three arbitrators
shall be appointed as herein before pre-
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 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 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 herein before provided shall be paid |
by the city to said grantee, or his or |
Its Successors or assigns, In lawful |
money of the United States, upon the |
expiration of the aforesaid period of |
twenty-one years, or, IL 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 payment the |
title and right of possession OF all said |
property shall pass to the City OF Los |
Angeles.