Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-16

OtCs IL taxes.
Sec. 10. Local Assessments.
Sec. IA. Indebtedness and Tax Rate
Sec, Is, City Accounts.
Sec. lG. Local Authority for Execution
of Territory Laws.
Sec. II. Territorial Supervision.
Taxation OF cities.
Sec ~. Within its corporate lin
its the city shall have the same pow
ers of taxation as are possessed by tn
Territory. II may license for regula
ton. any trade. occupation or bust
ness.
Local Assessments.
Sec. 10. The city shall have powel
to make local improvements by spe
cial assessment. or by special taxa
ton, or both. OF property adjudged IA
have received special benefit, or by
general taxation; the ascertainment
and apportionment OF the benefits de
rived from such local improvements
shall be made in accordance with the
Territorial laws. No improvement to
be paid for by special assessment OF
/ by special taxation shall be undertak.
en- without the consent of majority
in the interest and number of owners
of the property to be taxed or assess
ed. unless the ordinance therefor
shall receive on final passage the at
frmative vote of three.fourths OF all
the members of the Council, and be
approved by the Mayor after n public
hearing of the persons Interested. of
which due notice shall be given by
advertisement in the manner to be
prescribed by general ordinance.
Indebtedness and Tax Rate.
Sec. "a. The city shall have power
to borrow on the credit or the corpor.
alton and issue bonds therefor in
such amounts and FORM and on such
conditions as II shall prescribe, but
the credit Of the city shall not in any
manner be given or loaned to or in aid
of any individual, association. or cor
poration.
No city shall become indebted for
any purpose or in any manner to an
amount greater than permitted by the
Organic Act providing a Government
for the Territory of Hawaii or such
notifications thereof as may from
time to time be made by the Con.
gress Of the United States provided,
however. that in determining the lin.
itation of the City's powers to incur
Indebtedness there shall not be in.
cluded the following classes of lndebt
edncss
l. Certificate OF Indebtedness OF
revenue bonds issued in anticipation
of the collection of taxes, unless the
same be not paid within two years
from the date OF issue; and all certifi.
Gates of Indebtedness and revenue
bonds shall be provided for and pay.
able from the taxes levied for the
year in which they are issued. and
shall never exceed the amount OF
such taxes. less the operating ex.
penses Of the city.
2. Or bonds authorized by the al
firmative vote of two.thirds of the
members of the Council approved by
the Mayor, and approved by the al.
irmative vote of the majority of the
qualified voters of the city voting
upon the question of their issuance at
the n0xt ensuing city election, for any
specific undertaking from which the
city will derive a revenue; but when.
ever and for so long as such an un.
dertaking fails 10 produce sufficient
revenue to pay all costs Of operation
and administration Onchding interest
on the city's bonds issued therefor and
the cost Of insurance against losses
by fire, accidents and injuries to per.
sons) and an annual amount sufficient
to pay at or before maturity all bonds
issued on account of said undertaking,
$$%&@S%$S % 900
deep.seated in the marrow of the
American people, The segregation by
taxes of the tax.lIst into three classes,
each class electing its third of the
Council, affords an eminently fair rep.
resentatiOn
Money, like every other good thing
books and works of arts for use