Los Angeles herald., 1906-06-22
pusLlc ADVERTISING

OF Lhe Guy council, ana or inc BoaIus
Of Police Commissioners, Fire Commits
sioners, Water Commission ers, Park
Commissioners and Civil Service Com
missioners, the members Of the Boaru
OF 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
said city which said grantee or his or
It's successors or assigns does now or
may hereafter own, control or operate,
subject at all times TO such reasonable
regulations as said grantee and his or
its successors or assigns may prescribe.
Provided further, tnat said grantee
and his or It's successUfs and assigns
Collector py Of the CIV cty OF Of Los p Angeles
the license upon each car that is now
or may be hereafter fixed by the Or
That the said grantee and his or its
successors and assigns shall during the
life OF said franchise pay to the city OF
Los Angeles. IN lawful money OF tho
annual receipts % of such Sue psrS grantee and his
or It's successors and assigns, arising
from the use, operation or possession
be paid for the first five years succeed.
Ing the date of said franchise, but
thereafter such percentage shall be
Raybaelte ba tos,n1t a,nn1tualy and said FRANCHISE Is
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
be one-half of the proportion of the
total gross receipts Of said system
which the mileage of such extension
bears 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;
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
OFFICER OF said grantee or his or It's
successors and assigns. showing the to-
Ia! gross receipts and gross earnings
collected or received by said grantee
or his or its successors or assigns dur
Ing the preceding twelve months. from
al tra1fic over any part OF the line for
the construction and operation of which
said franchise Is granted, or over any
part OF the system of street railroad
from all other sources, and within ten
days after the time for filing afore-
said statemen It shall be the duty of
said grantee and his or its successors
and assigns to pay to the City Treas-
urer of the City. of Los Angeles the
aggregate sum of the said percentage
upon the amount of the gross annual
receipts arising from the use. operation
or possession of said franchise, deter
mined and computed In the manner
hereinbefore 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
the said gross annual receipts, at the
times or in the manner hereinbefore
provided shall ipso facto work a for
feiture OF said franchise and of all
rights Hereunder, to the City of Los
Angeles.
That the work of constructing said
road 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
without unnecessary or avoidable in
termisson or delay; that said work of
construction shall be completed within
not more than three years thereafter;
commenced and continuously prosecuted
so that at least one-third of the work
of constructing said road shall be COM
pleted 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 its suc-
cessors or assigns shall not sell, trans
fer or assign said franchise or any OF
the rights or privileges granted there
by. except by a duly executed instru-
ment In writing. filed in the office of
the City Clerk of the City Uf Los An
geies; and provided further, that
shall be construed to grant to said
grantee or his or its successors or as
signs any right to sell, transfer or
rights or privileges thereby granted.
except in the manner aforesaid.
That the City of Los Angeles
shall have the right at the expiration Of
the aforesaid t period ROD. OF twenty-one years @
and all property in any of the streets,
hereinbefore mentioned, belonging to said
grantee or. or his or it's successors s
under the grant hereby made or
used by said grantee or his or its
successors. in interest. in the exercise OF
this franchise at a fair yaluation, 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
traitors, of whom one shall be appoint
ed by the city, one by the said grantee
or his or Its successors in interest, and
the third by the two arbitra tors so APP
pointed. Said arbitrators shall be ap-
pointed within thirty days after the
declaration by the city of it's option
Ito purchase said property. In case said
FarbitTators fail to make and file an
award within the time hereinafter linn
ited 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 it's members enter upon the dis
charge of it's duties. Any vacancy In
the board of arbltrators shall be filled
by the party who made the original ap-
poin to the vacant place. The
award of the arbltrators 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
it's successors or assigns. I'm lawful
money of the United States, upon the
expiration of the aforesaid period OF
twenty one years, or, II the awdrd 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 rnr1 rlXy with anV Of the conditions ~