The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-05
THE K0HALA
WATER SHED
.Companyis Form
ed to Conserve
Supply.
PARKER GOES TO
WASHINGTON.
Hawaii Ditch Co. Incorporates
With Power to Increase Capt.
tai to $5,OOO,OOO.

Simultaneously with the departure for
Washington of Colonel Samuel Parker,
J. A. McCrossen. Geo. w. Davis and 9TH
ers interested in the Kohala water sup
ply yesterday, there was filed with
Treasurer Wright an application for arti-
cles of incorporation of the Hawaii Ditch
Company, Limited.
Messrs. Parker and McCrossen before
they return expect to bring with them a
franchise or grant by Congress, permit
ting the Hawaii Ditch Company to con-
serve the water supply of the Kohala
mountains in whatever way they deem
best.
The company incorporated here yester-
day has a capital of but $1,000, but the
limit to which stock may be increased is
s., OOO, 900.
Relating to the object of the corpora
ton, the articles say:
| THE business and purpose for which
this corporation is organized are to build,
construct. supply, maintain and operate
on the Island of Hawaii, in the Territory
of Hawaii, a system or systems of sur
face, underground. either or both, supply
and irrigation water bitches or tunnels,
canals, fumes, and inverted siphons with
their necessary and useful appendages
and apparatus to tunnel and bore for,
therefor, and supply and sell water there
from, and to acquire, own and lease real
estate. which may be required
to construct and maintain said systems
OF supply. etc, together with impounding
and storage reservoirs, ETC.
In the same paragraph it is stated:
Said systems to be owned, constructed,
supplied and operated by means of gravi-
ty. or steam electricity, or hydraulics
or any of them, and to operate such
power works and machinery necessary to
accomplish the purpose for which this
corporation is organized"
BY virtue of the articles the company
is given the right to take over contracts.
leases, franchises, etc, from public or
private corporations. the Territorial or
the United States governments, or indi-
viduals, also to hold and deal in stocks
and bonds of other corporations; and to
issue it's own bonds and secure the same |
by deeds of trust, but at no time is the |
Indebtedness to exceed the amount of the |
capital stock.
Paragraph four provides that the cor |
poration may sue and be sued, can ap-
point subordinate officers, and make by
laws, not inconsistent with the charter,
and to issue notes and other evidences I
Of debt.
Section provides for the succession of
the company by its corporate name for
4 term of fifty years.
Section provides that the capital stock
Of the company shall be $1,000. divided
nto 100 shares of $40 each, with the OPP
ion of increasing said capital to sum |
not to exceed $1,000, 900.
Section z provides for the election of
officers, and Section provides that the
stockholders shall not be liable for the
lebts of the corporation.
The articles are signed by Samuel
Parker, who owns SO shares; ]. A. Nc
'rossen, one share; ]. A. McCrossen
rustee. 81 shares; F. J. Cotton one
hare; f. b. McCIanahan, SO shares, f.
one share
The application is signed by the Ha-
vail Ditch Company, Limited, by Sam
el Parker, its president; e b. McClana-
an. its secretary; and F. Wundenberg,
IS treasurer.