California Statutes
§ 6009. — 6009. (Enacted by Stats. 1951, Ch. 764.)
California·Code PUC Public Utilities Code - PUC·Div. 3. DIVISION 3. PUBLIC UTILITY FRANCHISES BY LOCAL GOVERNMENTS·Ch. 1. CHAPTER 1. Franchise Provisions in General·Art. 1. ARTICLE 1. Manner of Granting
The successful bidder shall deposit with the clerk of the county or municipality, within 24 hours of the acceptance of his bid, the remaining 90 percent of the amount thereof. If the bidder fails to deposit with the clerk of the county or municipality the remaining 90 percent of his bid within 24 hours after its acceptance, the award to him of the franchise shall be set aside, the deposit made by him shall be forfeited, and no further proceedings for a sale of the franchise shall be had unless it is readvertised and again offered for sale in the manner provided in this article.
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California § 6009. (6009. (Enacted by Stats. 1951, Ch. 764.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1951, Ch. 764.