The Richmond palladium and sun-telegram., 1922-08-10
AUCTIONS-LEGALS
Legal Notices-continued

chises herein contained and hereby con-
1lrmed, or by reason of the malnten-
on on any of the streets or avenues of the
said City or any portion thereof.
10th. The grantee hereunder. before
along the routes aforesaid, shall deposit
IN public depository designated by the
BOARD OF Public Works of the City or
dred Dollars (s250O) in cash to be used
solely as liability reserve fund for
the IN Purpose OF payment to All persons
ana property damages occasloned by
the operation of is buses. In ADDITION
70 tne AFORESAID Twenty-Five Hundred
Dollars ($2500) in cash, the said gran
tee shall deposit weekly from the date
OF the acceptance of this contract ana
receipts in the said liability reserve
fund in cash, which sum shall be de-
posted IN the said depository designat-
until said liability reserve fund shall
contain the sum of Ten Thousand Dol
lars (Sl0,00o). If, at any time, the said
ed to less than Ten Thousand Dollars
($1O,0OO( by payments therefrom Tor
personal or property damages occasion
percentS (59a) OF the gross receipts OF
the said grantee shall Immediately be
resumed Cd until such time as. sad re re-
tain the sum of Ten Thousand Dollars
! ($10,O0O) in cash. 1t is understood that
other purpose than for the payment of
personal and property damages occas.
ioned by the operation of the buses of
| 11th. In consideration of the grant
ing of this contract and franchise. the
said Thomas ]. Fay. his successors and
the City of Richmond, Indiana. for the
use and benefit of the said City, the
sum Of Two Hundred Fifty. Dollars
! buses, or any part thereof, operated in
the said City, and the sum of Twenty
/ five Dollars (s25) additional per annum
for each additional bus operated or run
upon the streets of the said City. Fail
ure to make said payments in advance
shali constitute cause and ground for
the forfeiture of this contract and fran
chise.
18th The said grantee shall, within
thirty 800 days after this contract and
effect, file with the City Clerk of the
City of Richmond, Indiana, his written
ldinance approving the same and all OF
the terms, provisions and conditions oil
this contract and said ordinance. and
aforesaid, this contract and said ordin-
ance shall be null and void and of nc
force and effect.
18th. The said grantee, his success.
sors and assigns, shall have at least ter
(10) buses in operation under schedule
! in the City of Richmond upon tht
! routes indicated, under this franchise
within sixty (60) days after the dat,
of acceptance hereof, and all buse;
! shall at all times be of uniform typ,
and color while in operation in the saiC
! City under this contract and franchise
14th 1t is understood and agreed be
! tween the parties hereto that this con
tract in all particulars is subject Il
] the confirmation, ratification and ap
proval, by ordinance, of the Mayor anC
! the Common Council of the City o
Richmond.
/ In Witness Whereof, the said City o
Ric hmond, Indiana by its Board of Pub
; lie Works, and the said Thomas ]. Fay
| have subscribed their names and af
fixed the corporate seal of the saic
City hereto, this 7ths day of August
t THE CITY OF RICHMOND. INDIANA
BY Walker E. Land,
Frank r. McFail,
r. NJ. Henley,
Board of Public Works
Attest: B. A. Bescher, City Clerk.
THOMAS J. FAY, (SeaD.