Los Angeles herald., 1906-03-04
PUBLIC ADVERTISING

: gained or derived by the said grantee OF
! MS assigns. during the preceding. twelve
/ months from charges and rentals, and
from the leasing. or letting of lines or
oonduits. And within ten days after the
time for fling the aforesaid statement i
/, snail be the duty of said grantee or his
assigns to pay to the City Treasurer of
the City of Los. Angeles the aggregate
sum of the said percentage upon the
amount of gross annual receipts arising
from the use. operation or possession OF
SAID franchise, determined and computed
in the manner hereinbefore provided. And
any neglect, omission or refusal by said
grantee or his assigns to file said verified
statement, or 10 pay the said percentage
times or IN the manner hereinbefore pro-
vided, shall ipso facto work forfeiture Of
the franchise hereby granted. and of all
rights hereunder, to the City OF Los
That the work of construction shall be
commenced in good faith within not more
than four months from the date of the
granting of said franchise and shall be
continuously prosecuted thereafter in
good faith and without unnecessary or
avoidable intermission or delay.
That said grantee or his assigns shall
not sell, transfer or assign said franchise,
or any of the rights or privileges granted
strument in writing filed in the office of
the City Clerk Of the City of Los. An
geles; and provided further, that nothing
! In this franchise contained shall be con-
strued to grant to said grantee or his
assigns any right to SELL transfer or as
sign said franchise or any Of the rights
or privileges thereby granted, except III
| the manner aforesaid.
That the City of Los Angeles shall have
the right, at the expiration of the perlodI
of twenty-one years, to purchase the said
wires and conduits, and auxiliary fire
alarm system. ard ali Of the proPes9r;ties ps9;t s,s
used in connection with such Sir aux1ilabs fd abs
grantee of said franchise or his or its
successors in interest, and laid, construct
ed or maintained under the grant of the
|
giving said privilege to erect and main
tain such AUXILIARY fire alarm system,
successors in interest. in the exercise OF
said franchise, and at g fair valuation:
provided that, the option to make e,,ss SAID
| of the said Council passed not more
than six months prior to the expiration
o. said period of twenty-one years:
to be purchased pursuant, to the pro-
visions of this Ordinance shall be deter
mined by board of three arbitrators, pit ai,o & OF
whom one rhall be appointed by the CITY,
one by the said grantee, or his or its sue
cessors in interest, and the third by the
two arbitrators so appointed; SAID aroitra-
after the declaration by the city. of its
option to purchase said property. In case
award ava within the time hereinafter limited
new board of three arbitrators shall pc
appointed as hereinbeforee pres prescribed, to
The The board of arbitrators shall tmme-
diately upon the appointment of its mem
bers enter upon the discharge OF its
bitrators shall be filled by the party who
made the original appointment to the
vacant place. The, award Of the arbitra-
City Clerk of said city within three
majority of the arbitrators 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
lawful la Il money Of the United States,
upon the, expiration of the afore.
the award of the arbitrators shall not
have been made and filed at least two
months before the expiration OF SAD
two months after the filing, of said award.
Upon the making of said payment the
title and right of possession @ I t OF "a al Oh sald
That any neglect failure or refusal to
fei1 Franchise shalt ali thereupon Immediately
ipso facto effect a forfeiture thereof and
the said city, by it's City Council, may
ed, and may exclude said grantee or
his or its successors and assigns from fur
ther use of the streets of said city under
or its successors and assigns shall there
upon and Immediately surrender all
rights in and to, the same, and said fran
chise shall be deemed and shall remain
null. void and of no effect.
Notice is also hereby given that sealed
bids, in writing, will be received for said
franchise up to eleven o'clock in the fore
noon of the 26th day of March, 1906;
that the bids received will be opened at
that time: that all bids must be for the
the United States: and that the fran
chse will be struck off, sold and awarded
to the person on wbes} r or pid Wmo
provided, only, that at the time of open
ing said bids any responsible person, firm
Dl NAV edof bld for said franchise sum not less
sealed scale bid therefor, and that said bid so
per cent by any other responsible bidder,
and said bidding may SO continue until
finally said franchise shall be struck off,
to the highest bidder therefor in gold coin
of the United tates. Each sealed bid
must be accompanied with cash, or GER
of the City of Los Angeles, for the full
amount of said bid, and no sealed bid
will be considered 1 i unless said @ cas- sash or
cessful bidder must deposit at least ten
per cent of the. amount Of his bid with the
struck off, to him, and If he shall, fail, to
make such deposit Immediately his bid
will not be received, and will be consid-
and there be again offered for sale to the
bidder who shall make the highest cash
bid therefor, subject to the same condi-
tions as to deposit as above mentioned.
Said procedure will be had until said fran
chise is struck off. sold and awarded to a
bidder who shall make the necessary
deposit of at least ten per cent of the
amount of his bid, as herein provided
Said successful bidder shall deposit with
the City Clerk, within twenty-four hours
after the acceptance of his bid, the re-
naming ninety pee cent of the amount
thereof. and in case he or 1t fails to do so,
then the said deposit heretofore made
will be forfeited, and the award of said
franchise will be void, and said franchise
Will then and there. by said City Council,
be again offered for sale to the highest
bidder therefor. in the same manner and
under the same restrictions as hereinbe-
fore provided, and in case said bidder
fails to deposit with the City Clerk the
ninety per cent of his bid
within twenty-four hours after its ac-
the award to him of said fran
ohise will be set aside, and the deposit
heretofore made by him will be for
teited, and no further proceedings for
the sale of said franchise will be had
until the same shall be readvertised for
sale.
Notice is also hereby given that the
bidder for said franchise must,
within five days after said franchise is
awarded to him or it, file with the City
Council q bond running to said city in
he penal sum of one thousand dollars,
with at least two good and sufficient
TO- l.