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Fourth: That the said grantee and its saaaessors 'Irld a30i,;nv <br />shall daring the life of said franohiBb pay to the MY of Santa <br />Ana in lawful money of the United Oates, two per sent. ol the <br />groas annual reoMpts of such grantoo and its oanannsors anu, <br />assiGns arising from the uzo, operation or pooses61on of SO,,! <br />franchise. No percentage Mall be paK for Vo first five years, <br />zuaceVing the date of soii franchise, but tharsaftear such per- <br />centaSn shall be paynblo 4nnan.111_y; provIand, however, that as to, <br />Vzo portion, of said frano hire lkicy area 4 renewal Of- rigntin <br />" X )­, ,- , C,' <br />Iroady-In-Glatence, the payment of said porcentagn of groso <br />receipts shall begin Immediately after the date of grWins of <br />said franchise, nnq <br />A Make tho payments <br />ja h sa ie,'i f Yt�, no hi se <br />said franohi so is to be 'ArKA"ed by f ilarr <br />ProvidW A, Provided, tJ"pt r <br />is granted shall bm an. oxtension of an exist- <br />ing ayatem Di admMOP railroad, then the gross receipts shall M <br />estimated to be one-half of the proportion of On totaL 3rOG,,,, <br />rocnipts of avid Ojotem which tho mile16e of ouch exteauiOn <br />boars to the iotal milea6o of the whole MtOl, sas alsh e0ti ste <br />shall bo sonaluoivo as to the amount of Or groso reneipto of <br />3aid extengion. <br />And it shall be the daty of the grantee of anio franchinee, <br />and ita saaaessore an ansignu, to file with the jity w.Lord of the <br />jity of Santa Ana at the expiration of one year from date of <br />too granting of said franchise, anA at the eKpiration of oach unG <br />v3l.vory year thereafter, a statomont, verified b7 We oath of said, <br />grantee, or its nacoe=ors or aseiga", or by thn oath of tho man- <br />ager or presiding of finor of saw4 Frantnq, or j to qneos3arn "ndl <br />assigns, showing the total grons rennipto anO gross earni wax: s <br />zollented or reanIved by said grantso or ito nocoosoors or aoWtus, <br />during the preueding twelve months, from all traffic ovnr Mac,, <br />portions of the line for the construction and avoyntion of nhial,, <br />said franchise is granted which are ronewals of rignts ulready <br />in existence, or over any part of the uystom of railroad of whish <br />-6- <br />