Los Angeles herald., 1906-06-23
PUBLIC ADVERTISING

OF Ihe city Council, and OF the Boarus
sioners, Water Commissioners, Park
commissioners and Civil Service Com
misssioners,. the members of the Boaru
Education, City Superlntende of
Schools, and the Directors of the Pub
Tic Library. free over said road and
said city which said grantee or his or
IT'S successors or assigns does now or
may hereafter own, control or operate,
supJect at all times to such reasonable
regulations as said grantee and his or
It's successors or assigns may prescribe.
Proylded further, tnat said grantee
shall shall pay to the city Tax and License
Collector OF the City of Los Angeles
the license upon each .ear. that Is now
dfnances of said city
That the said grantee and his or It's
successors ana assigns shall during the
Los. Angeles, in lawful money OF tho
United states, two per cent Of the gross
annual receipts OF such grantee and his
from the use, operation or possession
of said franchise. No percentage shall
pc paid for the first five. years succeed
ing the date of said franchise. but
thereafter such percentage shall be
to be forfeited. by. failure to make the
II the road for which said franchise is
granted shall be an extension of ali
eiS existing system of street railroad, then
be one-half of the proportion of the
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 City. Clerk of the. City of Los An
geles. at the expiration of six years
from the date of the granting of said
franchise and at the expiration of each
and 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
onlloer OF said grantee or his or It's
successors and assigns. showing the to-
tai gross receipts and gross earnings
COLLECTED or received by said grantee
or his or it's successors or assigns dur
ing the preceding twelve months. from
all traffic over any part Of the line for
the construction and operation of which
said franchise is granted, or over any
of which it may be an extension, and
from all other sources and within ten
ola days Y .a after the time for filing afore.
said grantee and his or its successors
and 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
herefnbefore provided.
And any neglect, omission or refusal
by said grantee or his or its successors
or assigns to file said verified state
ment. or to pay the said percentage of
times or In the manner hereinbefore
provided shall fpso facto work a for
feiture of said franchise and of all
Angeles.
That the work of constructing said
road shall be commenced in good faith
from Tlanin the not da+n more Or than four months
franchise. and shall be continuously
prosecuted thereafter in good faith and
WiInout tn,1d unnecessary or. avcidable. in.
construction shall be completed within
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
pieted within one year from the time
work be not so commenced, prosecuted
or completed within the times, or in
the manner specified, said franchise
shall be forfeited.
That said grantee or his or It's sue
cessors or assigns shall not sell, trans
fer or assign said franchise or any of
by except by a duly executed instru-
the city clerk Of the city q Los An
nothing in said franchise contained
shall be construed to grant to said
grantee or his or it's successors or as
assign said franchise or any of the
rights or privileges thereby granted,
except in the manner aforesaid.
sba That t.vt the t1. City Gitg Of a., Los Angeles
the aforesaid period Of twentyrone years
to purchase the rails, track and roadbed
an. and al property in any Of the streets.
grantee or his or it's successors
under, the grant hereby made or
successors II in interest in the Exercise e of Of
this franchise, at a fair valuation, pro-
vided that the option to make such pur-
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-
ed by the city. one by the said grantee
| or his or its successors in interest, and
the third by the two arbtrators so ap-
pointed within thirty days after the
declaration by the city of it's option
to purchase sf SAID property In case said
award within the time hereinafter linn
tied, 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 it's duties. Any vacancy in
the board of arbitrators shall be 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 hereinbefore 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
That any neglect failure or refusal
| to comply with any of the conditions NJ