Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-16
How to Proceed for the Organization and
Incorporation of All Cities,
Towns and Villages.

Iall such bonds outstanding shall be in.
cluded in determining the limitation
of the City's power to incur indebted.
ness, until the principal and interest
thereof be paid exclusively from tha
receipts of such an undertaking. The
City Controller shall annually report
to the Council in detail the amount OF
the revenue from each undertaking
and whether there is any. and, If So
what deficit in meeting the require.
ments above set forth.
Provisions shall be made at the
time Of their issue for raising a sum
of money. by taxation, sufficient to
pay, as II falls due. the interest upon
all city bonds not exclusively payable
from the receipts OF revenue.produc.
ing undertakings, and to pay and dis.
charge the principal thereof within
fifteen years from the date Of their Is.
sue. but whenever in any year the re.
ceipts from any revenue producing I'm.
dertaking shall be sufficient to pay the
costs Of operation and administration
as above defined. and the annual
amount hereinbefore required, the tax
to pay the interest and provide the
principal Of the bonds issued for such
undertakings shall not be collected.
and the same shall be paid from such
receipts.
The amount to be raised by tax for
city purposes upon land values and
personal property or either Of them,
as the voters Of the county may elect.
in addition TO providing for the prin.
cipal and interests of the then out.
standing bonded indebtedness shall
not in the aggregate exceed in any one
year - per centum of the assessed
valuation of the property subject to
taxation by such city, to be ascertain.
cd as hereinbefore prescribed in re,
speCt to the city debt
City Accounts.
Sec. Is. Every city shall keep
books Of account. It shall also make
stated financial reports at least as
often as once year to the Territorial
Treasurer, in accordance with forms
and methods prescribed by MIN which
shall be applicable to all cities within
the Territory. Such repor.s shall be-
certified by said Territorial Treasurer
or by some competent person or per.
sons appointed by him; they shall be
printed as n part Of the public docu.
ments of the Territory, and submitted
by the Territorial Treasurer to the
Legislature at its next regular ses.
sion. Such reports shall contain an
accurate statement. in summarized
form and also in detail, of the financial
receipts of the city from all sources,
and OF the expenditures OF the city for
all purposes, together with n gtate.
ment in detail OF the debt Of said city
at the date Of said report. and OF tie
purpose for which said debt has been
incurred, as well as such other infor.
nation as may be required by tho
Territorial Treasurer. Said Terrific
rial Treasurer shall have power by
himself or by some competent person
or persons appointed by him to exam.
Inc into the affairs of the Financial
Department of any city within this
Territory. On every such examina.
ton inquiry shall be made as to the
financial condition and resources of
the City, and Of the bondsmen Of the
City treasurer. and whether the re.
quirements Of the constitution and
laws have been compiled with. and in.
to the methods and accuracy of the
City's accounts. and as to such other
matters as the said Territorial Treas.
urer may prescribe. The Territorial
Treasurer and every such examiner
appointed by him. shall have power to
administer an oath to any person
whose testimony may be required on
any such examination, and TO compeI
the appearance and attendance OF any
such person for the purpose of any
such investigation and examination,
and the production of books and M.
pers. Wilful false swearing in such
examinations shall be perjury. and
punishable as such, A report of each
such examination shall be made. and
shall be matter OF public record in
the Office of said Territorial Treasur.
er.
Local Authority for Execution of Ter.
ritory Laws.
Sec. IL. Within its corporate lin.
its every city Incorporated under the
provisions Of this Act shall be the 10.
cal agent of the Territorial Govern.
ment for the enforcement of the Ter.
ritorlal laws, to the exclusion OF oil
other public officers, except as far as
the contrary may be provided by gen.
eral law applicable to all the cities OF
the Territory.
Territorial Supervision.