The Hawaiian gazette., 1884-09-03


/ tors shall forthwith call special general
meeting of stockholders for the purpose
of supplying the vacancy or vacancies in
the Authorship.
Every Auditor shall have list de
livered to him OF all books kept by the
corporation and shall at all reasonable
times have access to the books and &C
counts OF the corporation; and any Audi
tor may, in relation 10 such books and &C
counts. examine the directors or any other
officer OF the corporation.
The Auditor or Auditors shall make
report 10 the stockholders on the accounts
examined Ivy him or them, and ON every
balance sheet laid before the corporation
in general meeting during his or their
tenure Of Office; and in every such report
shall state whether in their or his opinion
the balance sheet referred to in the report
is full and fair balance sheet, properly
drawn up, so as to exhibit correct view
of the state Of the corporations affairs us
shown by the books Of the corporation,
and such report shall be read before the
corporation in general meeting.
The remuneration of the Auditor or
Auditors shall be fixed by the general
meeting appointing such Auditor or Audi
tors.
SECTION 25. Every balance sheet sub
mitted to the annual or other meeting of
the members Of the corporation shall be
signed by the Auditor or Auditors and
BY the President, Secretary or Manager
| tif anyl and by the directors of the cor
pOration or three of such directors at the
least.
SECTION 26. Every corporation formed
under the provisions of this Act shall in
addition to the powers conferred upon
bodies corporate by the provisions Of
Chapter XXI of the Civil Code have the
following powers, subject to all the re
strictions and provisions herein contained
TO carry on the business Of bank OF dis
count and deposit in this Kingdom, and
TO make loans of money on cash credit
accounts, promissory notes, bills OF ex-
change or letters of credit and other
securities OF the like nature. And it shall
also be lawful for the corporation to deal
in money, bullion, specie, precious metal
and exchanges of and with all countries
and in notes, bills or other securities for
money and generally to transact all such
other business as is or shall or may at any
time hereafter be usual or lawful for es-
Establishments carrying on banking in all
its branches, except as bank of issue, to
do or transact, also to take security by
hypothecation of bills of lading for the
payment of any bill or bills of exchange,
drawn against any shipment of any des
cription Of produce, bullion or merchandise
shipped for expectation to foreign ports
or from foreign ports to any port OF this
Kingdom or from one port to another in
this Kingdom Also to make any advances
OF money to the proprietors OF any sugar
mill or sugar or rice plantation on condi-
ton Of receiving in payment as security
only for such money the crops Of sugar
and other produce of such proprietor.
And also to accept and take such real
estate as shall be mOrtgaged to it in good
faith by way of security, such as shall be
conveyed to it in satisfaction of debts
previously contracted, such as it shall
purchase at sales under judgments, de
crees or mortgages held by the corpora
ton or shall purchase TO secure debts due
to it. But no such corporation shall hold
the possession of any real estate under
mortgage or the title and possession of
any real estate purchased to secure any
debts due to it for longer period than
five years II may hold and dispose of
every kind Of personal property, chattels,
wares and merchandise, franchises or in
corporal rights and easements which it
may have taken in good faith as security
in the ordinary course of its business as
the interest Of the corporation may require.
The corporation shall not undertake or be
employed in any commercial, agricultural
or common carrier business; and its right
to hold and dispose Of property acquired
from securities or in payment OF debts
shall not be construed to authorize the
Bank to undertake and engage in or carry
on any such business as last above men
toned
SECTION "a. II for any reason any cor
poration formed under this Act desires to
disincorporate and wind up its affairs it
shall present petition TO the Minister OF
the Interior, together with a certificate
setting forth that at a meeting of its
stockholders, called for that purpose, it
was decided by vote of three -fourths or
more of the stockholders to dissolve the
corporation, which certificate shall be
signed by the presiding officer and secre
tary Of such meeting. The Minister shall
enter such petition and certificate of re
cord in his office, and after thirty days
notice by publication in Hawaiian and
English, in two newspapers published in
in Honolulu, shall proceed TO consider the
same, and if satisfied that the vote CERT
fed has been duly taken and that all debts |
due by the said corporation have been paid |
and discharged, he shall declare the cor
poration dissolved.
SECTION Is. Unless other persons are |
appointed by some court of competent |
jurisdiction in pursuance of due process |
of law, the directors of the corporation at |
the time Of the dissolution shall continue |
to net as trustees of the stockholders and |
shall have full power to settle and wind |
up the affairs of the corporation and dis
tribute the proceeds among the stock
holders pro rata.
SECTION % Somuch Of Chapter XXI /
of the Civil Code as relates TO Banking
Corporations and all Acts and parts OF |
Acts Of the Legislature in SO far as they
may conflict with the provisions of this
Act are hereby repealed
SECTION 30. This Act may be cited in
all proceedings and for all purposes as
the Banking Act of 1884.
THE SCHEDULE HEREIN REFERRED. TO:
The Banking Act Of 1884.
Return pursuant to section II of the
said Act
The capital of the Company is
divided into-shares of--each.
The number of shares issued is--
Assessments to the amount of--per
share have been made, under which the
sum of--has been received.
The liabilities Of the company on the
FIRST day of January Tor july were-
Debts owing to sundry persons by the
company:
On judgment
On speciality
On notes or bills
On simple contracts
On deposits
On estimated liabilities
The assets of the company on that day
we're:
Government securities stating them
Bills of exchange and promissory notes
Cash in hand
Other securities
Approved this 11th day of August, A. D.