The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1894-12-24

20 buv their interest in the premises or 10
seU u Them their own interest therein
al a stated price according 70 the proper
zion Of the. respective interests IN ques-
zion. and NAV deposit with the SUD
agent the amount of such offered price
N money, with fee o! I'VE dollars Inc
,ub-ay,nt shall thereupon notify the
n2rtie- 10 whom such offer is made OF the
net nature Of the offer and order them 10
fIe with him their answer within thIrty
DAYS whether they will buy or sell ac-
coIding TO sIcn ttf-r. II the parties 10
whom such offer is made file with the
sub-agent within thirty days from the
time of their receiving such
notification their answer stating that
they will sell their interest according TO
the terms OF the offer, the suo-agent
shall endorse the fact OF such sale WITH
the amount of the consideration on the
certificate of occupation or the lease as
the case may be, and pay 20 sucn parties
the amount of such consideration deposl-
ted with him according to their lndIvi-
dnal interests: and the interest Of such
parties shall thereupon vest in the par
ties making the said offer. The fact o.
sy1ch transfer shall be properly recorded
In the official records OF the suD-agent
and endorsed upon the duplicate certlt-
cate of occupation or lease. If, how
ever, the parties TO whom such oner Is
made fail to answer within thirty Gays
from the time of their receiving sucn no
tification or shall answer within thlrty
DAVIS that they will buy the interest OF
the parties making such offer on the
terms offered, but fail within thirty
DAYS to deposit the amount representing
the value of such interest according
10 the terms offered, their interest
shall vest in the parties making
the offer and the amount Oh
snch consideration shall be paid by
the Sub-Agent to them individually or
their respective representatives upon
application. In such case the fact OF
such transfer shall be recorded AMI en-
dorsed as above provided.
But IL the parties TO whom sucn oner
is made, shall within thirty days from the
time of their receiving notification there
of. make answer to the Sub-Agent that
they will buy the interest of the offering
narties. and shall deposit within such
thirty days with him the amount re-
ouired for such purchase according to the
terms of the offer, the Sub Agent shall
endorse and record the fact OF such sale
as above provided, and pay to the oner-
ing parties the said amount according 10
their individual interests; and the IN
terest of the Offering parties shall there
upon vest in the answering parties. In
such case the consideration money de-
posited by the offering parties shall be
returned to them.
SEC. 10. The limit of thirty days
above provided in which parties snail
answer. shall date from the time the last
person entitled to notification Is mott
fed.
No transfer of interests in a certificate
of occupation or . lease owned Dy Two OF
more persons. "a provided in Section IL,
shall be valid IL any of the said persons
are minors under the age OF eighteen
wears unless such minors are represented
by statutory guardians.
SEC. 20, Inalienable holdings owned
by two or more persons shall not be sub
ject to partition.
SEC. 81. In case the interest in any
such certificate Of occupation or lease
should vest solely in married woman
or a minor under the age ut eighteen
wears under the provisions of Section 10,
The conditions of residence set forth in
Sections 8, II and IA shall be satisfied
respectively during coverture OF such
married woman, or during the time such
minor is under eighteen years OF age by
the residence OF an agent.
SEc - In case two occuplers or one
occ1pier and one lessee should inter-
marry not less than twelve months alter
she date of the most recent certlnc9te oil
occupatiou taken out by either OF them,
the said conditions OF residence shall be
satisfied by their residence on either of
their holdings.
SEc.23 Inalienable holdings, whether
under certificate of occupation or lease
in perpetuity, shall be liable to taxation
as estates held In lee
SEC. "a. Certificates OF occupation
and leases in perpetuity shall not re-
quire to be stamped.
SEC 25. In case OF a surrender by oc
cupiers or lessees of their interest to the
Government, as provided in Section III
n ALI the conditions of the surrendered
certificate OF occupation or lease TO be
performed by the occupier or lessee NJ
10 the time Of such surrender shall have
been substantially performed, the per
SONS 40 surrendering such interest shall
he entitled to receive from the Govern
ment the value of the permanent i'm
provements on the premises surrendered
whenever such value shall be received
by the Government from new tenant
according TO the provisions OF Section q
SEC rs. In case the interest OF mar
rie,l woman. or a minor under the age o.
eighteen Years. being the sole owner o
an inaiienable holding under the provls-
ions OF section Is, stall be forfeited fol
Eon-peIfoEmance OF cond tons OF the
certificate ~ occupation or lease, the
commissioners may, in their discretion
when such forfeiture - due to such COW
ertuIe or infancy, pay 10 such owner the
value of the permanent improvement:
on the forfeited premises. whenever the
same shall be- received by the Govern
ment from a new tenant according 10 tie
provisions Of section %.
SEC. % In case of the surrender, for
feiture or escheat TO the Government o
an inalienable holding, the commission
ers shall have the discretion To hold tn,
same open for settlement CHARGED Will
the value of the permanent improve
ments thereon as an ina ienable holding
right of purchase lessehold or free
hold for cash, or they may reserve tn
same for public uses or otherwis.
II such premises are held Tor settle
nIent as aforesaid the surveyor-genera