Los Angeles herald., 1906-06-29
pueLIo ADVERTISING

!
sioners, Water Commissioners, Park
commissioners and Civil Service Com
missionsrs,. the members OF the Boaro
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 2 wn, control or operatei
subject at all times to such reasonable
reaulations as said grantee and his or
its successors or assigns may prescribe.
Provided further, that said grantce
shall pay to the city TAX and License
| Collector Of the City of Los An ge1es
the license upon each car that is now
That the said grantee and his or its
successors. and assigns shall during the
ss q Ansees ssf n Sy mones tS es Sty ySs
annual receipts OF such grantee and his
Or It's successors and assigns, arising
or said franchise. No percentage shall
be paid for the first five years succeed-
ing The date of said franchise. but
tnereafter such percentage shall be
payable annually, and. said franchise Is
70 be forfeited by failure to make the
Payments provided for. Provided, that
granted shall be. an extension of an
existing system of street railroad, then
the gross receipts shall be estimated to
total gross receipts pcYfpVsidd" Of said system w sn1
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
and II shall be the duty of the
grantee OF said franchise and of his or
its successors and assigns to file with
| the City Clerk of the City OF Los An
geles, at the expiration Of SIX years
franchlse and at the expiration OF each
and every year thereafter statement,
verified by the oath of said grantee or
MS or It's succ cessors or assigns or by
the oath of the manager or presiding
officer of said grantee or his or lis
successors and assigns, showing the to-
collected or received by said grantee
| or his or its successors or assigns DUR
ing che preceding twelve months. from
fba a traiIic 16n OYER any part Of the line for
SAID franohise is granted, or over any
part Of the system Of street railroad
99I 9ro, winch nc, ~ may be an extension, and
from all other sources. and within ten
Gays after the time for filing afore-
said statement It shall be the duty of
SAID 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 percentage
Upon upoI i the % amount Of the gross annual
| or possession of said franchise, deter
mined and computed in the manner
| hereinbefore provided.
| ana any neglect, omission or refusal
| oy said grantee or his or It's sIIccessors
or assigns to. file said verified state
ment, th Or to pay the said percentage of
tne said gross annual receipts. at the
times. or In the manner hereinbefore
provided shall ipso facto work a for
Ielture OF said franchise and of all
rights hereunder. to the City Of Los
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
1nGu ermisson or or avodable In
constructton shall be completed within
not more than three years thereafter;
mar SAID work OF construction shall be
commenoed 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 the y manner "a specified. said franchise
That said grantee or his or its sue
cessors or assigns shall not sell, trans
fer or assign said franchise or any OF
by, except by duly executed instru
the city clerk Of tie city q % Los %pe An ~
nothing in said franchise contained
shall be construed to grant to said
grantee or his or its successors or as
assign said francfSse9 9V or any Snsofr Of the he
rights or privileges thereby granted,
except in the manner aforesaid.
a have eh the Fight E at e the Les exprateee Aeees o
the aforesaid period OF twenty-one years
to purchase the rails. track and roadbed
hereinbefore mentioned. belonging to said
n interest. laid 0f or rs constTnefed onseeseGss
uasd usdsr bv tss grant hereby made or
successors in interest. in the exercise Of
this franchise, at a fair valuation. pro-
chase shall be declared by resolution OF
the City Council passed not more than
three years nor less than six months prior
one years.
The valuation of the property pro-
posed to be purchased pursuant. to the
determined by board OF three arbi-
| traitors. of whom one shall be appoint-
ed by the city one by the said grantee
the third by the two arbitratorse II teress 50 and AND
pointed. Said arbitrators shall be an
pointed within thirty days after the
tdeclarastion by the city, of It's option
arbitraters fail to. make and file 'aln an
award within the time hereinafter lin
| lleu u NEW pOdTu Oh three arDttrat0rS
shall be appointed as herein before pre.
scribed.s to determine the valuation of|
said property. The board OF arbitrator
shall imediately upon the appointment
of It's members enter upon the dia
charge of it's duties. Any vacancy IN
the board of arbitrators shall be filled
| by the party who made the original an
pointment to the vacant place. The
award of the arbitrators must be nade
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
The amount of the valuation of sa,d
property determined by the arbitrator
as hereinbefore provided shall be psid
| by the city to said grantee, or his or
IT'S successors or assigns, in lawful
expiration of the aforesaid period az
| twonty-one years. or. II the award az
the arbitrators shall not have beon
made and filed at least two months
before the expiration OF said period 81
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.
That any neglect. failure or refusal
| to comply with any of the conditions ~
i g. ~ n.IN