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3/2 "/12 <br />esior cf ss.3d frarscn.ise. �To percentage shall be paid fc:r <br />43h.e firs+ fire gears succeeding the date :Of said frsnehise, but <br />thereafter, said percenteige sInall be payable annually p tip d the <br />saa i francIii;s:e :ts �: be forfei"Led },T a 111a^e tc7 T i.e t}te ray- <br />uiants provided for; provi.d-z�d 11: ia,t if t.h? road four mhilch saLd <br />, ancljise is granted s? -tall be an extension to an E.-xisting <br />systere of street, railroads, there the grass receipts shall be <br />estim«.ted ',c be on-„,.a,lf of the proportion of” the trc,tal gross <br />receipts of such system Nfr-Ach. the 1n.ileage of s1,chwy*tdM bears <br />to the total n.ileF-ge of said whole systeM, and said estimate <br />shall os ccnclusive as tar the amount c,f grcr:3s rec.:ipts of <br />e-i).ch ext ens ion, and. it sh8.11 be the duty of t.h.e grantee cf such <br />franchis-e, its sllccesscrs and assigns, <br />+0 file with the clerk <br />of said. city e.t tn--! expir ;tion :)f six years from the date. cf <br />the granting of said franchise, and at expiration of aach <br />and +3very year therea.ftgr, ;.x state,-.ent verified by the oath 1 <br />of said gr,%ntep, its successors and assigns, Jr by the oath <br />of the znana, er or presiding .}ftficers of said grar_tee, its 0110-• <br />ce 3sors or assigns, showing �:he total gross recaij is and gross <br />earr_inErs, collected and rec rived by e -,.id grantee, sr its suc- <br />cessors and assigrn during. the preceding twelve months fr:;m all <br />traffic 01.1 ariv part of the line far the conatructior: and oNera-- <br />tion of which said fr.�.nchise is granted, or carer any port of <br />t?le systen. of .laid railroad of mll-Liell it .-.a,y be an extension and <br />from all other sources, and within the ten days after time <br />fijr filing the aft res�-3id statelne�lt i* Shall be tnE> duty of said <br />grantee, its successors and assigns, to p_ -I to the City Trea- <br />surer 4f said City, t�h.Q agr;regate gu:M c;,'' szL'd percentage upon <br />the amount of 'T,z grass annual receirts, arising f'ro.m the use, <br />opara,}ion or possessiu,i if s ,id franchise, determined and com- <br />p,..1!.ed in t -he Diannor herein?�e:"ora provided. Any neglect, <br />r <br />