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ft <br />annually, and in the event such payment is not =de, said <br />franchise shall be forfeited, provided, furthor, that if <br />the .franchLie be a renewal of the right already in <br />existence, the payment of the gross reoeipts shall begin <br />at once. In case the franchise grint ed .,pull be sn <br />uxtOnsion of an existing system of streot railroad, then <br />the gross receipts shall be estimated to be one—half of the <br />propoSTion of tho total gross xeoei-rts of said system <br />which the mileage of said extension bears; and ,said estimate <br />shall be conolusive as to the anount of the ;roes receipts <br />of said ext enbion. <br />ceotion III. That any,negloot, failure or refusal to <br />cor ply 17ith any of the conditions of the said franchise <br />shall thereupon immediately effect a forfeiture thereof, <br />-and the said City, by its Board of Trustees, may thereul.on <br />declare said franchise f,_,rfeited, and nay exclude said <br />grantee or his assigns :from further use of the streets of <br />said city un :ler said franchise, xr ich shall thez-eul;,on be <br />and remain null �md vc) id. <br />Bootion IV. This ordinance shall take effect and be <br />in fo .1.0e :from and after its _Fassage. �- <br />I hereby oartify that �Ie foregoing ordinance was duly <br />adopted at a regular meeting of the Board of Trustees of <br />said City of Colton, on the day of 1907, <br />Ay e s t <br />city ark. <br />—4— <br />