The Hawaiian gazette., 1886-10-26
SECOND DAY.


SECOND DAY.
The meeting was called to order at
10:15 by e-President, H p. Baldwin.
Mr. j. NJ. Horner reported from the
Committee of five appointed yesterday,
recommending that Article IL, of the By
Laws be changed to read as follows:
The Board of Trustees may levy assess
ments on the capital stock of the Company
as provided in article s, and may fix the
date mot less than thirty days from the
time of passing the resolution) at which
said assessment, if unpaid, shall have be-
come delinquent, and any stock upon
which any assessment may become delin-
quent shall be advertised by the Secretary
in some one newspaper, publishedin Ho-
nolulu. for the period of thirty days, and
if the assessments still remain unpaid, the
Board of Trustees shall declare the same
forfeited to the corporation, and the holder
shall be debarred from any rights or priyi
leges based upon the possession of such
shares of stock provided that any mem
Der may at any time surrender any part
of his stock to the Treasurer of the Com
pany upon his payment of all assessments
that may have become due and payable
on such stock so surrendered up to the
time of such surrender And the Board
of Trustees may then issue new certif-
Gates of stock in place of shares SC for
feited or sulTendered the same as if the
forfeited or surrendered shares had
never been issued.
The words in brackets constitute the
amendments added.
Mr.. Horner said the object of the Com
mittee had been to allow those who have
more shares than they thought they
ought to pay assessments for to surrender,
SO as to bring them more on an equality
The Committee further recommended
the passage of the following resolution:
ReSolUed that this meeting do recommend |
and urge upon all persons interested in
the sugar business in these islands to join |
this association and help to carry out |
more vigorously the objects of this Com
pany, and subscribe for shares of the capi |
tai stock, in proportion to the average ton
mage of the production Passed.
Mr.. Spalding move a change of Article
6, making the number of trustees, in
stead of 13. Advocated by Mr.. Spalding,
Jones and Austin. Opposed by Macfe,
Bishop and j. NJ. Horner.
Upon a vote the motion was lost by
vote of 5,255 shares in favor Of and 3,075
votes against the amendment, the necessary
two thirds majority not being obtained.
AFTERNOON.
Mr.. Jones said that the motion to re-
duce the number of trustees to had been
voted down, and that he would move 9 as
a compromise.
Mr.. Horner moved an amendment that
4 constitute quorum instead of as at
present Carried.
Mr. H. p. Baldwin and E. @. Bond pre-
sented the reports on Fertilizers and Seed
Cane which were accepted and ordered
printed.
The election of trustees came next in
order: a ballot was taken and the secre-
tary and treasurer We're appointed tellers
Whilst the result of the voting was being
ascertained a discussion was engaged in
relative to fertilizers.
Mr.. 4. II. Smith, representing the Com.
mittee on Varieties of Cane, being called
on for the report, said the report for the
year had been looked over and there was
nothing to add, as nothing further had
been discovered
The Secretary then declared the result
Of the election as follows: H p Baldwin,
lI,790: H. F. Glade, 11,7S0; J. Lidgate,
11,435; George Williams, 11,430; R. Hal
stead, 11,425; p C. Jones, 11,0S5; George
Wilcox, 9,570: James B. Castle, 9,210; z.
S. Spalding, $3.50.
Mr.. P. G. Jones, representing the Reel
procity Committee, said the committee
had not been called together, nor had he
written out any report. He spoke of Mr..
Carter as being hard and faithful worker
on behalf of the Treaty at Washington.
He had the confidence of the senators
there, and great credit was due to him.
Mr.. r. A. Macfe, Jr., representing the
Committee, presented his
report, and also a statement in connec-
lion Herewith from j. NJ Horner. con
,erning transportation on the Kukaiau
Plantation.
The Secretary read the report of the !
Committee on Manufacture of Sugar. |
written by J. III. Lydgate, he being alb !
sent !
The meeting adjourned until the next
lay at 10 o'clock.
THIRD DAY. Y