1913 (#552-565) - Laserfiche WebLink

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the said .~roes annual receipts, this franchise shall thereupon ter~inate and all rights therounder granted by said City shall thereupon cease, but the right of the City to ~nforce the collection of such percentage shall ren~ain, and the same may be enforced aocord~n~ to 1 aw. Section 8. That the said ~rantoe, its successors or assigns shall within ten (10) days after said fr~nohis~ is ~rant~d by this ordinance file with the Board of Trustees of the' City of Ssnt~ Aha, a bond running to the City with ~ood end sufficient surety to be auproved by the bo~d of Trustees tn the penal sum of Twenty-five Hundred ($~00) Dollars, conditioned that said ~rantee, its suc- cessors or assigns, shall w~ll and truly obsess and ful- fil and perforn: emch and every torm. and condition of said franchise, the whole amount of the penal s~ therein na:~ed shall be taken and deemed liquidated d~a~es,and shall be recoverable from the principal and s~eties upon said bond. If said bond be not so filed the ~rant of said franchi~ will be s~3t aside, and any money paid thereffor will be forfeited. But this franchise shall not in any ~anner be considered an exclusive franchise. Section 9. That ~id grantee or his or its successors or assigns shall not sell, transfer or assijn said franchise o~ any of the rights or privileges granted thereby without the apDrovsl of said Board of Trustees, ~d n-o such sale' shall be sons~m~ated exceEt by a duly executed instr~,ent tn wrttin~ filed in the office of the Board of Trustees of the City of Santa Aha; and nothing in said contract contained shall be construed to ~ant the said grantee or his or its successors or assigns any right to ~ ell, Zransfor or as- sfjn said'franchise, or any off the ri2hts or privi-le2es thereby ;ranted, except in the manner aforesaid. Section 10. That any neglect, failure or refusal to comply with any of the conditions of said franchise, shall thsreu?on i~m~ediately, ipso facto, effect a forfeit~e thereof, and the City of Santa Aua by its Board of Trustees, may therefore declare said franchise forfeited, and n~ay exolud~ said ~rantee or his or its successors or assigns fron~ ~urther us~ of the highways of said Oity of Sant~ Aua under said franohise; and ssid gr~ntse or his or its suc- ces~ors or assigu~ shall thereupon and i~n~edtately , sur- render ~11 right in and to the s~me, and said frsnchise sh~l be deemed and shall remain null, void and of no effect. Section 11. The Oity 01erk shall cause this 0rd~nance te be published once in the "Santa Aha Bally ~ening