The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1884-07-24

on the last Monday in January and
July in every year, shall make n
statement in the form prescribed 10y
the schedule annexed TO this Act or
as near thereto rs circumstances will
admit, which statement shall be
verified by the oath of the President,
Secretary or Cashier; and any person
who shall swear to the said state
ment knowing the same or any part
thereof to be false, shall be guilty of
perjury in the second degree, and
shall be liable on conviction to all
the penalties prescribed by law for
such offence. A copy of such state
ment shall be put up in some con-
spicuous place in the principal office
and in every branch or place where
the business of the company shall
be carried on, and the directors
shall cause the said statement to be
published in the English and Ha-
waiian languages in at least one
weekly and one daily newspaper
published in Honolulu.
If the corporation shall make de-
fault in compliance with any of the
provision of this section. it shall be
liable to penalty not exceeding
fifty dollars for every day of default,
and any director or manager per-
hitting or allowing such default shall
be liable to a like penalty. All such
penalties may be recovered before
any police justice.
Section 10. The President and
Cashier of any corporation formed
under this Act shall cause to be kept
at all times Il full and correct list of
| the names and residences of all the
shareholders in the corporation, and
the number of shares held by each,
in the office where its business is
transacted. Such list shall be subject
to the inspection of all the share
holders and creditors of the corpora
ton during the regular business
hours of the corporation.
A copy of such list, verified by the
oath of the President or Cashier,
shall, on the first Monday of Septem-
ber of each year, be filed in the office
of the Minister of the Interior
Section 16. The Minister of the
Interior and the Auditor General of
the Kingdom shall, not less than two,
nor more than four times in each
wear, make an examination into all
the affairs of any corporation formed
under this Act, and for that purpose
may examine any officer and agent
of the same under oath, and shall
make full and detailed report of
the condition of the corporation to
the King, in Cabinet Council, and no
such corporation shall be subject to
any other visitorial powers except
those which are vested in the courts
of justice.
Section II. The stockholders of
any corporation formed under this
| Act shall at no time be allowed to
be collectively indebted or liable to
such corporation, either as principal
debtors or as sureties, or both, to an
amount greater than three-fifths of
the capital stock actually paid in
and remaining undiminished by
losses or otherwise nor shall the
directors be so indebted or liable,
except to such an amount and in
such manner as shall be prescribed
by the Bylaws of such corporation.
Section IS. The capital stock of
any corporation formed under this
Act shall be divided into shares of
equal value of an amount to be de-
clared in the articles of incorpora-
ton, and the said shares shall. be
assignable on the books of the COR
poration, in such manner as its By
Laws shall prescribe; but no share
holder in any such corporation shall
have power to sell or transfer any
share held in his own right so long
as he shall be liable, either as prin-
cipal debtor, surety, or otherwise, to
the corporation for any debt which
shall have become due and remain
unpaid, nor in any case shall such
shareholder be entitled to receive