The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1893-07-04

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-
tion 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 a rent repre-V
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 Gov
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 surplusf
less the costs of such foreclosure
and sale, shall be paid to the out
going tenant, and the new purchas-
,r shall receive a new lease upon
he same covenants and conditions
IS above set forth, based upon the
amount of the original bid.
In case the lessee shall not be
.ble to purchase the said lot, at or
,efore the end of the term Of the
ease, but has satisfactorily car
led out all of its conditions to
'e performed by him, the lessor
hall, at his request, extend the
aid lease for a further term of
light years, subject to the same
onditions as to personal use and
'ayment of rent, but conferring on
he lessee the right of purchase as
bove provided during the whole of
uch new term; or if the lessee
oes not desire such extension, or
he has not satisfactorily per
1rmed the said covenants, the
sssor shall offer the said lot at
uction as above set forth, paying
the outgoing tenant the surplus
yer the original price of the lot
nd costs of sale.
The pro rata cost of survey of
le said lots, as set forth upon the
zap of the same, shall be paid by
lie respective lessees upon receiy-
Ig their leases.
The map of the said lots is on
lhibition at the Sherif's office in
i'd Waimea and will be shown 70
~ intending purchaser without
large.
The said leases shall be inaliena-
e by the lessees, but in case of
e death of lessee his interest in
e lease shall vest in his heirs at
W, who shall thereby acquire all
his rights Under such lease. sub
ct to performance of the condi-
ms to be performed by the lessee.
-~O