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386 <br /> <br />City of Santa Ana shall never be construed as creating <br />any liability on its part for injury or damage to person <br />or property on account of the use of automobile busses, the <br />character or condition of which was ordered orprescribed <br /> <br />by it. <br /> <br /> Section 10. <br />assigns, must and shall, <br />pay to the City of Santa <br /> <br />The grantee, its successors or <br />during the life of this franchise, <br />Ana two per cent. (2~) of the <br /> <br /> gross annual receipts arising from its use, operation, or <br /> possession, the same.to be paid annually; provided, however, <br /> that no percentage shall be required or paid for the first <br /> five (5) years succeeding the date of this franchise. <br /> <br /> Six (6) years from the date of the passage of this Ordinance, <br /> the grantee, its successors or assigns, shall file with <br /> the Clerk of the City of Santa Aha a verifie~ statement <br /> showing the gross receipts arising from the use and <br /> operation of this franchise during the preceding year, and <br /> pay to the 6ity of Santa Ana two per cent of the amount <br /> of the gross receipts shown by said statement, and a like <br /> statement of annual gross receipts shall be filed and a <br /> payment of two per cent thereof shall be made each year <br /> thereafter during the life of this franchise. <br /> <br /> The Board of Trustees shall have the right, power <br /> and authority to cause an examination of the books and <br /> records of the grantee, its successors o~ assigns, to be <br /> made in order to ascertain the true amount of gross annual <br /> receipts arising from the operation of the franchise, <br /> and all suc~ books and records shall be exhibited to an <br /> authorized aUditor of the City of Santa Ana on demand. <br /> <br /> Section ll. ~o sale, assignment or lease <br /> <br /> of this franchise shall be valid or binding upon'the <br /> City of Santa Ana, or recognized by said Gity, until <br /> notice thereof in writing has been filed with the Clerk <br /> <br />.of the City of Santa Aha, showing the date of such sale, <br /> assignment, or lease, the correct name and address of <br /> the person, natural or artificial, to whom th~ sale, <br /> assignment, or lease is made, and the terms thereof. <br /> <br /> No person other than Pacific Electric Land Com- <br /> pany shall possess, use or enjoy this franchise or exer- <br /> cise any right under it until the notice above provided <br /> for is filed. The person named as purchased, assignee, <br /> or lessee, in such notice shall, for all of the purposes <br /> of this franchise, be considered the holder thereof, and <br /> the service of any and all notices required by this <br /> Ordinm ce or by law to be served upon the holder of this <br /> franchise shall be deemed complete, when deposited in <br /> <br /> <br />