upr000331 42

Bosaess-iou o£ awxg- beniETp* sn ttprjGjj airs'jj pe ecTxrsj po ©^Sp# yea r. Any n e g le c t, ommission, or r e fu s a l by said grantee to f i l e any such v e r if ie d statement, or to pay the compensation h e re in a fte r pro­vid ed at the time or in the manner provided in th is perm it, s h a ll ipso fa c to work a fo r fe it u r e o f th is permit and o f a l l rig h ts thereunder to the C ity o f Los Angeles, Eighth: The payment o f the compensation to he paid to the C ity o f Los Angeles fo r the use, operation or possession o f said permit by the grantee th e re o f s h a ll be.made in the manner fo llo w in g : W ithin t h ir t y (30) days a ft e r the occupation by the grantee o f said wharf, the gfantee s h a ll pay to the C ity o f Los Angeles the sum o f Ten Thousand D ollars ($10,000.00) in advance on account o f the compensation to be paid fo r the f i r s t year, and w ith in t h ir t y (30) days a ft e r the fin a l completion and occupancy o f the remaining four hundred (400) fe e t o f wharf and appurtenances the grantee s h a ll pay fo r the unexpired part o f said year a t the rate o f F ive Thousand D o lla rs ($5000,00) per year. The balance o f the compensation fo r . - —— Ba*& said f i r s t year s h a ll be paid w ith in t h ir t y (3 0 ) days a ft e r the f i l i n g o f the v e r if ie d statement o f wharfage and dockage fo r said f i r s t yea r, as above provided, and s h a ll be the d iffe r e n c e , i f any, between said sums so paid and e ig h ty per cent (80fa) o f the wharfage and dockage charges fo r said f i r s t year, ;iui»; i * 1; For each year fo llo w in g a ft e r the f i r s t year o f the occupation o f said wharf the" grantee s h a ll, w ith in t h ir t y (30) days a ft e r the ex p ira tio n o f the preceding year, pay to the C ity o f Los A n geles.th e sum o f F ifte e n Thousand D o lla rs ($15,000.00), in advance on account o f the compensation fo r said yea r. The balance o f the compensation fo r said year s h a ll be paid w ith in t h ir t y (30) days a ft e r the f i l i n g o f the v e r if ie d statement o f wharfage and dockage fo r s a id yea r, as above provided, and s h a ll be the d iffe r e n c e , i f any, between said F ifte e n Thousand D o lla rs ($15,000.00) advanced and eigh ty per cent (80$) o f the wharfage and dockage charges fo r said yea r. The sum o f F ifte e n Thousand D olla rs ($15,000.00) herein s p e c ifie d as the - 6-