Los Angeles herald., 1906-06-30
PusLlc ADVERTISING

Of Police Commissioners, Fire Commits
sioners, Water Commission ers, Park
cG'mT1isslorers end Civil Service Ino com
Of Health. the members OF the Board Of
Schools. and the Directors OF the. Pub
lio Library, free over said road and
over any othor road or roads within
said city which said grantee or his or
lts successors or assigns does now or
subject at all times to such reasonable
reRulations as said grantee and his or
It's successors or assigns may prescribe.
provided further, that said grantee
and, his or its SUCCESSORS and assigns
shall pay to the City Tax and License
Collector of the city OF Los Angeles
tr the Lice License upon each car that Is nov w
dinances OF said city.
That the said grantee and his or its
successors and 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
or It's successors and assigns, arising
from the use, operation or possession
OF SAID franchise. No percentage shall
be paid for the first five. years succeed
,ng TIE date OF said franchise. but
thereafter such percentage shall be
payable annually, and. said franchise is
to be forfeited by failure TO make the
payments provided for. Provided, that
~ the road for which said franchise is
granted shall be an extension OF ali
existing system of street railroad, then
the gross receipts shall be estimated to
total gross receipts e s po9SpOrn saiG SYSTEM 81
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
grantee OF said franchise and of his or
the City. Clerk Of the City of Los An An
seies' at the expiration of six years
from from the date Of the granting Of said
ana every year thereafter. a statement
verified by the oath of said grantee or
th nis or Its successors or assigns, or by
officer of said grantee or his or its
successors and assigns. showing the to-
tai gross receipts and gross earnings
corrected or received by said grantee
or ms or It's successors or assigns dur
lng the preceding twelve months. from
a AZ tra1fic over any part of the line for
tne construction and operation OF which
sald FRANCHISE Is granted. or over any
part of the system Of street railroad
or which Il may be an extension, and
from from al other sources. and within ten
said statement II shall be the dnty Of
said grantee and his or its successors
and assigns to pay to the City Treas
uger or 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
nere1nbefore provided.
And any neglect, omission or refusal
oy said grantee or his or its successors
or assigns to file said verified state
ment or to pay the said percentage Of
the said gross annual receipts. az the
times times or IN the manner hereinbefore
feiture of said franchise and and Of i9ll al
rights Hereunder. to the City of Los
Angeles. '' vi Ho'
road That t, I the work of constructing said
wlthin not more than four months
from the date of the granting OF said
franchise and shall be continuously
without unnecessary or avoidabIe in
termission or delay; that said work Of
construction shall be completed within
Ibst nbos more nsi than than three years thereafter
commenced and continuously prosecuted
SO that at least one-third of the work
t5 Of fto55structing 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 ma specified. said franchise
That said grantee or his or its sue
cessors or assigns shall not sell, trans
Ter tse pf prhfs hhfsg gr aatd franchise or any Of
by. except by a duly executed instru-
ment in writing, filed in the office OF
.se CITY Clerk of The City 1f 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.
shall have the right at i the es eSpirateSe aaeees of
the aforesaid period of twenty-one years
to purchase the rails, track and roadbed
herenbefore mentioned belonging % ghe f5ests 10 saS
grantee or. his or its successors
under the grant hereby made or
sfS interest," In the e1srre hs r its a
this franchise, at fair valuation, pro-
yded that hat. the he option to make such
the City Council passed not more than
three years nor less than six months prior
to the expiration Of said period Of twenty
The valuation of the property nro-
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 bs so sp- ap-
pointed within thirty days after the
declaration by. the city of its option
10 puEcndSe Sdlu property. In case said
arbitrators fail to make and file an
award within the time hereinafter lin
tied, a new board of three arbitratorS
shall be appointed as hereinbefore nre-
scribed. to determine the valuation of
said property. The board OF arbitrators
shall imediately upon the appointment
of it's 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 a ~
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 arbitrafors
as hereinbefore provided shall be maid
by the city to said grantee, or his oT
it's successors or assigns, in iawful
money of the United States, upon the
expiration Of the aforesaid period Of Of
twenty-one years, or. If the award OF
the arbitrators shall not have been
made and filed at least two month :
before the expiration of said period ~
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
That any neglect failure or refpsa,
m CnmnlV with auW of fha oords4a