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PACIFIC - LECTRIC RAILWAY COIF_. ,ANY PACIFIC ELECTRIC LAND COMPANY SAFETY FIRST: Do not try to cross a railroad track in front of a moving Interurban Car. YourAutomobile m fail you and that may mean Disaster. REAL ESTATE, TAX & RESORT DEPARTMENT 788 PACIFIC ELECTRIC BUILDING Honorable Board of Trustees, City of Santa Ana, Santa Ana, California. Gentlemen: In Your Reply Please Refer To File No .................... LOS ANGELES, CALIFORNIA February 27, 1922. In accordance with Notice of Sale of automobile bus franchise adopted by your Honorable body on January 23, 1922, the Pacific Electric Land Company hereby bids One Thousand ($1000.) Dollars for the said proposed franchise. Bid for the said proposed franchise is made by the Pacific Electric Land Company with the understanding that in prescribing two additional streets or por- tions thereof upon which buses shall be operated, at the expiration of each cal- endar year, provided in section "b" of such notice of sale of franchise, that Pacific Electric Land Company may not be compelled to operate such service over such additional streets unless the revenues from such operation are sufficient to pay all operating costs for such service plus a reasonable amount for depreciation of buses, and a reasonable return on the investment in such buses; however, Pacific Electric Land Company, if awarded franchise, will be willing at any and all times to cooperate with the officials of the City of Santa Ana in selecting additional street or streets for service, and will be willing to inaugurate service over such additional streets where there is a question whether or no the revenues will meet the conditions above named, in order to determine what the results will be. of Sale. Certified check for $1000 herewith, as required by provisions of Notice Yours very truly, PACIFIC ELECTRIC LAND COMPANY, r� dent.