Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-01-28

ct such place said board may designate or both at such treas
my such designated place the option of the bond holder
Interest said bonds shall exceed six per per
mum, payable annually eniannuay the said board may
designate Said bonds shall be signed hv the chairman of the
Board of Supervisors and aeed by the Auditor of the county,
and have the seal of the Board of Supervisors attached and
said coupons shall be signed by said Auditor by original
facsimile signature and said bonds shall he sold in the
prescribed by said Board of Supervisors but for less than
par The Board of Supervisors before the time of in
curing the Indebtedness of any bonds issued under the prov
sons of this Act and annually thereafter until all of said bonds
paid and cancelled levy tax for that upon the
taxable property of said county for the and redemption
Of said bonds and such be less than sufficient
pay the interest said bonds for that year. and such portion
of the principal if any, is TO become due during the said
year. and any must be sufficient to raise annually for
the first half of the said bonds have sufficient
the interest thereon and during the balance of the
sufficient pay such annual interest and to provide
nuav portion of the principal Of said bonds equal
produced by taking the whole of said bonds outstanding
and dividing by the number of said bonds then
And the Board of Supervisors before the time
of issuing said bonds by ordinance shall provide for the levy of
annual sufficient effect the objects of this provision and
provide for the payment of the interest said bonds
becomes due, and also sufficient constitute sinking fund
pay the principal of such Indebtedness at before maturity
Such when collected shall be paid into the treasury of the
county and used solely pay the interest and principal of said
bonds as they respectively become due.
The derived from the sale of said bonds shall be
applied to the purpose specified in the order of the board and
other Should there be any surplus il shall be applied
ward the payment of said bonds
The Board of Supervisors bonded indebted
only for the erection of penal cha table and educational
institutions AMI for public buildings roads and for public i'm
provemens and the total of Indebtedness incurred
in by the county shall not exceed centum
upon the assessed value of taxable property of the said county,
shown by the last general for taxation and at
time shall such total Indebtedness of such county be extended
beyond three per of such assessed value but nothing
in this provision shall prevent the refmdng of any valid cb
edness any time.
In issuing bonds under this Act the Board of Supervisors
its the following form of bond and
UNITED STATES OF AMERICA.
No......... County of ............ $.........
The County of ........... Territory of Hawaii hereby
itself indebted and promises to to the bearer
thereof on the first day of thousand
heren insert if the Board of Supervisors elect make the
bond payable certain date before that date, at the
pleasure of the county the words or any time before that
date the pleasure of the couny with interest thereon,
in like gold coin at the rate per centm per an
mum, payable semiannually Cor annually the
first day of and Tor on the first
day of ..... if interest payable annually pres
enaon and surrender of the interest coupons hereto attached
This bond is issued by the Board of Supervisors Of the
County of Territory of Hawaii in strict
piance with Act the legislature entitled An Act
corning Counties and the organization and thereof
and the and control of public works and nst
tons' approved the day of ........., TO-,
and in pursuance Of order of said board duly made the
day of ........., TO-, and with the
Of twohrs of the qualified electors of said county, voting
election legally called and duly held for that purpose
the ......... day of ..........., H..
And il is hereby certified and reced that the bonded ndebt
edness of said county including this bond, does exceed
three per Of the axab property thereof shown by the
last equazed of said county, and that provision
has made for the collection of annual tax sufficient to
pay the interest this Indebtedness falls due and also
sufficient constitute sinking fund for the payment of said
Indebtedness at before maturity
In witness whereof the said county by its Board of Super
vsors has caused this bond be signed by the chairman Of
said board and atesed by the Auditor thereof and the seal
of the Board of Supervisors hereto attached this day
of .........., one thousand .............
Chairman Board of Supervisors.
ATTEST:
County Auditor.
And the interest coupon may be in the following form
"The County .........., Territory of Hawaii, hereby
tho Lold Loro L. e