Public Utilities Code - PUC
DIVISION 3. PUBLIC UTILITY FRANCHISES BY LOCAL GOVERNMENTS [6001 - 6467]
( Division 3 enacted by Stats. 1951, Ch. 764. ) CHAPTER 1. Franchise Provisions in General [6001 - 6092]
( Chapter 1 enacted by Stats. 1951, Ch. 764. ) ARTICLE 1. Manner of Granting [6001 - 6017]
( Article 1 enacted by Stats. 1951, Ch. 764. ) 6006.
The publication shall state the character of the franchise or privilege proposed to be granted, the term for which it is granted, and, if it is for a street railroad, the route to be traversed; that sealed bids therefor will be received up to a certain hour and day named therein, and that the successful bidder and his assigns shall during the life of the franchise pay to the county or municipality two percent (2%) of the gross annual receipts of the grantee arising from the use, operation, or possession of the franchise.
(Enacted by Stats. 1951, Ch. 764.)