The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1893-07-01

The land Of Pauahi, South Ko-
hala, has been surveyed and divid-
ed into lots varying from one to
forty acres, with roads laid out con-
veniently thereto. On date to be
hereafter decided upon, at the court
house in Waimea, island of Hawaii
the said lots will be offered at auc-
ton on the following conditions:
No person will be allowed to bid
in more than two lots. Each lot
will be leased to the person bidding
it in for eight years at rent repre-
senting eight per cent per annum
upon the amount bid, such rent to
be paid semi-annually or quarterly
in advance, with the privilege to
the lessee of purchasing the lot
after four years of the lease have
expired and receiving a royal pat
ent therefor, and also the privilege
after the said four years of paying
any part of the purchase price and
having a corresponding reduction
of the said rent.
The lessee shall covenant in the
said lease to begin personally to
use and improve the said lot within
one year from the date thereof and
to continue personally to use and
improve the same for the rest of the
term of the said lease, or until the
said lot is paid for and purchased
as aforesaid also, that he will not
assign said lease, nor sublet the
whole or any part of the said lot
during the existence of the said
lease.
The lease shall contain an agree
ment that upon the failure of the
lessee to carry out all of these COW
enants, the lease shall be void and
that the lessor shall thereupon offer
the said lot for sale at auction, and
the purchaser thereof shall pay so
much of the amount bid by him as
shall exceed the original amount
bid for the said lot, which surplus,
less the costs of such foreclosure
and sale, shall be paid to the out
going tenant, and the new purchas-
er shall receive q new lease upon
the same covenants and conditions
as above set forth, based upon the
amount of the original bid.
In case the lessee shall not be
able to purchase the said lot, at or
before the end of the term of the
lease, but has satisfactorily car
ried out all of its conditions to
be performed by him, the lessor
shall, at his request, extend the
said lease for a further term of
eight years, subject to the same
conditions as to personal use and
payment of rent, but comforting on
the lessee the right of purchase as
above provided during the whole of
such new term; or if the lessee
does not desire such extension, or
if he has not satisfactorily per-
formed the said covenants, the
lessor shall offer the said lot at
auction as above set forth, paying
to the outgoing tenant the surplus
over the original price of the lot
and costs of sale.
The pro rata cost of survey OF
the said lots, as set forth upon the
map of the same, shall be paid by
the respective lessees upon receiv-
ing their leases.
The map of the said lots is on
exhibition at the Sheriff's office in
said Waimea and will be shown to
any intending purchaser without
charge.
The said leases shall be inaliena-
bic by the lessees, but in case OF
the death of a lessee his interest in
the lease shall vest in his heirs at
law, who shall thereby acquire all
of his rights under such lease, sub
ject to performance of the condl-
tons to be performed by the lessee.