The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1893-02-21

Whereas, 81 Act entitled AN Act L
Authorize National Loan, and 70 dsfnt
the uses 70 which the money borrowed
shall be applied, . Was approved On n,
IIth dsy Of January, 4. D. 1885;
And, Whereas, On the nth dzy O
January, A. .. 1895, the PruvisionA
Government Of the Hawaiian Islands va:
proclaimed and established and became
vested With an the rights, powers and
authority OF the Government OF the H2-
waii&n Islands heretofore existing;
Now, Therefore, in order to czrry out
the purpose OF said Act approved JSnu-
2ry II, 1895,
Be- II ENACTED oy the Executive and
Advisory Councils Of the Provisional
Government OF the Hawaiian Is
ands:
Section The Minister Of Finance,
with the approval Of the Executive Coun-
Gil, Is hereby Authorized TO issue Coupon
Bonds OF I denomination q not less than
One Thousand Dollars 81 600. and IN
the aggregate not exceeding Seven Hun
dred and Fifty ThoCsa1d Dollars
lS750, 600, II the manner and Tor the
uses II this Ac- stated.
Section Said bonds shall be
exempted from al taxes, &rd shall bear
interest 81 the rate O. Tot more than SIX
per centun per anuUm, payable semi
a1u14IIy, and shall &c Reasonable not
less than five nor more than twenty years
Sfter the date q issue, the principal and
interest TO be paid IN Gold Coin Of The
United States Of America or It's eQuiva-
lent AZ It's present standard Of weight and
fneness.
SECTION Said bonds shall be signed
BY the Minister Of Finance and by the
Registrar Of Public Accounts and De
sealed b. the seal OF the Department Of (
the Minister OF Finance, and shall not De |
issued :. less than the rate Of ninety
eight per centun OF their nominal par |
E4lue IN Geld Coin Of the United States.
except that the Minister OF Finance. with /
the approval Of q majority Of the Execu-
tive Council may allow commission not
exceeding i've per centuu to any person
OF syndicate that may negotiate said
bonds; provided, however, that any such
connissun shall not De allowed for any
bonds sold IN the Hawaiian Islands.
SECTION The SUMS borrowed under
this Act shall be placed II the Treasury
TO the credit Of the Lean Fund 1899,
and shall be paid out for and used for the |
following purposes and 10 other
New wharves, sea wall,
dredging harbor and
bar Hcuol1lu.- ...-----S 9Ol.C 90 /
Roads, bridges and landings I26, 800 90 (
New buildings, vaults, nag II
azine, huspitaIs - 10000 90
Additions and improvements
to Water Wcrks.--.---- 10000 90 / ]
o-cszro 2oad------------------ 5000 90 7
Road damages-------..--.---- $1,000 GO
Forests. parks and Nurseries $500 90 '
Qz4rznti1e expenses 1890 70,0OO 90 /.
Subsidy to Oahu Railway
and Land CT 1900 90
encouragement to Iumigra-
ton - 1000 90
Expenses Of Registration Act 800 90
Purchase electric light plant 5000 90 I
2UrChase kuleanzs IN KALI
Eao and Kzlz1papa- 500 90
Purchase Chemical Engine
and house for sane ...-- 5000 90 &
-xpeuses survey sewerage
system, EouoI1I1---..--- 2,0GO 90
Expenses for placing this
Loan, not 70 exceed $500 90 n
5000 90 7
SEcUoS She Minister Of Finance * g
e-ehy authorized 70 pay out Of the Z
honey borrowed under this Act, the -
1nnission allowed BY Section 3 and the
expenses ct preparing the bonds and
11pons tor use- a
SECux 6-The SAID Minister Of Fl
zrcs Is hereby Authorized 70 rnzkz sr-rF7 -