Los Angeles herald., 1906-06-27
PUsLlc AsverrislNe

1 -
while on. duty, the Mayor and Members
Of the City Council, and Of the Boar,os
sioners. Water Commissioners, PARK
Commissioners and Civil Service Com
nissioners, the members of the Boaru
| or 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
It's successors or assigns does now or
may hereafter own, control or operate
subject at ell times to such reasonable
regulations as said grantee and his or
its successors or assigns may prescribe
Provided further. tnat said grantee
shd sha, his or It's sueeessgls c,. and assigns
Collector OF the city Of Los Angeles
the license upon each car that is now
9r may be. hereafter fixed by the Or
That the said grantee and his or its
ssuccessors and assigns shall during the
Iide of said franchise pay TO the Clty. Of
LOS Angeies, In lawful money OF tho
United States, two per cent OF the gross
annual receipts OF such grantee and his
or lts successors and assigns, arising
Of said franchise. No percentage shall
pc paid for the first five years succeed
Ing the date of said franchise. but
navabin rnsrfbaiI.er a such, such percentage shall be
to be forfeited BY failure TO make the
payments provided for. Provided, that
II the road for which said franchise is
granted shall be an extension OF all
existing system OF street railroad, then
the gross receipts shall be estimated to
pc qne-half Of the proportion OF the
which the mileage OF such extension
pears TO the total mileage of the whole
ytt,' systtem' and said estimate shall be con-
cIusive as to the amount of the gross
receipts OF said extension
And IT shall be the duty of the
Etranuee ~ OF said franchise and Of his or
the City Clerk Of the City % Of lse Los TlIn Ann
geles, Mt the expiration of six years
from the date Of the granting OF said
aradncnise ira o,,a and at the expiration Of each
verified by the oath of said grantee or
ms or Its successors or assigns, or by
o9s,o 1pe oath OF the manager or presiding
successors and assigns, showing the to-
tai gross receipts and gross earnings
colihs1cted co h1 or received by said grantee
or MS or Its successors or assigns dur.
Ing the preceding twelve months, from
Al traffic over any part of the line for
tne construction and operation of which
part OF the system OF street roilrona
OF winch IL may be an extension, and
rom rom all other sources. and within ten
oaid aays ar after the time for filing aforo-
sai1 statement It shall be the duty OF
SAD grantee and his or its successors
ana assigns to. pay to the City Treas
urer OF the City. Of Los Angeles the
aggregate sum of the said percentages
upon the amount of the gross annual
receipts arising from the use. operation
m,npe9 OT possession OF said franchise, deter
l hereinbe f1 fore cqmpIted nrnMGad in the manner
And any neglect, omission or refusal
oy oy sag .i grantee 90. or his or its successors
ment OF atsslgns to file said verified state
the said gross annual receipts, al the
lines or IN the manner hereinbefore
SgstHtviaed gett,,r shall ipso facto work a for
Angeles. u 1oS
y That the work of constructing said
within not more than four months
from the date of the granting of said
franchise, and shall be continuously
pTffSSeSTted wfSot thereafter in good faith and
termission te, Isl, or d1ay; that said work of
no. not more than three years thereafter:
commen ced and continuously prosecuted
SO that at least one-third Of the work
OF eo11structing said road shall be com
OF commencement; and that If said
work be not so commenced prosecuted
or or completed within the times, or in
she she manner IA per- specified, said franchise
That said grantee or his or its sue
cessors or assigns shall not sell, trans
the rights or privileges granted there.
by except by duly executed instrn-
nenf me- T,t1 IN Tritng dt filed II the office OF
nothing in said franchise con Contained @
shall be construed to grant to said
g1rantee s1gn or his hissa or its successors or as
assign said franchise OF. any "'of' Of the he
rights or privileges thereby granted,
except Thps In the the manner nam aforesaid
shall rsSt ff the Les ezpratSSn AaSales Of
the aforesaid period of twentyrone years
to PURCHASE the rails, track. and roadbed
hereinbefore mentioned, belonging TO said
in interest, laid or constructed
used by said grantee s or his hiaor or IT'S fs
successors in interest. in the exercise of
this franchise, at a fair valuation, pro-
chase shall be declared by resolution 81
the City Council passed not more thsn
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
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 an
pointed within thirty days after The
declaration by the city of its option
to purchase said property. In case So III
Iarbitrators fail to make and file ar,
award within the time hereinafter lin
tied a new board of three arbitrators
shall be appointed as hereinbefore 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 be filled
by the party who made the original q n
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 smount OF the valuation of satd
property determined by the arbitrators
as hereinbefore provided shall be maid
by the city to said grantee, or his or
its successors or assigns, in lawfu1
money of the United States, upon the
expiration OF the aforesaid period OF
the. arbitrators shall not have been
made and filed at least two mon this
before the expiration of said period Of
TWEEN ty- 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.