The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-01-03
From the Forthcoming Hawaiian Annual.
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Another event in addition to the es-
Establishment of cable communication be-
tween this city and Pacific Coast, on
the first day of January. 1908. was the
moving IF the Offices and main sales
rooms of Levers & Cooke. Ltd, from
the old stand on Fort street to the new
building which they have erected on
King street.
Levers & Cooke. Ltd, was incor-
porated January 1, 1901. succeeding the
firm of Levers & Cooke, which had
taken over the business of Levers &
Dickson years before. At the time of
the incorporati ton this paper made the
| following notice in connection there
with:
Probably the MOST unique paragraph
poration of any Hawaiian concern is
that in the papers of Levers & Cooke,
Limited, which are now in Treasurer
Lansings hands for action. Attorney
General Dole, to whom the papers were
referred for an opinion as to whether
they were in the proper form, says the
paragraph is a feature not before en-
countered by him.
THE directors shall have power" so
Article TX. says Ito control the earn
;rgs of tho aorpora tiop They NAV
create a reserve fund from such earn
ings, causing it to be invested safely.
They may contribute to such social,
benevolent, religious and other objects
such amounts out of such earnings as
they deem for the interests of the cor
poration."
This clause appealed to Attorney
General Dole to such an extent that he
makes the following comment thereon
in his opinion to Treasurer Lansing:
ct take the liberty of commenting
upon Article TX. providing that the di
rectors shall have power to create a
reserve fund and to contribute to such
social benevolent, religious and other
objects as they deem for the interests
of the corporation.
LAS 1 have never before seen a like
provision in articles of incorporation, l
desire to specially commend it, for it
authorizes contributions To charitable
purposes such as other corporations
frequently make under questionable le-
gal powers
Thus is the way made clear to future
corporations, and under such circum-
stances Honolulu is certain to reap
golden harvest in its philanthropic
work
The premises which had been occu-
pied for so long by this corporation and
its predecessors were leased and it was
felt that it would be more desirable to
have a home of its own. 1t was ac-
cordingly decided to put up the build
ing which now bears it's name. on King
street.
With many others, the stockholders
felt that the center of trade was NOV
ing from Fort street toward the Capt.
tol grounds, and the Young Building
and the site selected for the Federal
and they feel now that it is only a
matter of a very short time when the
new location will be the very best in
the city.
The new quarters are large and airy.
and with basement and three floors
give scope for the increased business
which is expected to follow the change.
Plain yet handsome fittings have been
obtained and the appearance of the
rooms is very attractive
The corporation is prominent in all
business connected with the trade in
lumber and building materials and is
well and favorably known among all
manufacturers and dealers in these
goods through the States. The trade in
and about this city and through the
Territory IS large one
We are permitted by the publishers
of 'Thrums Annual to insert the cut
of the building which appears herewith.
which picture was taken a short time
before occupancy. to which we append
a description published by US shortly
before its completion.
This magnificent building now near
ing completion on the makai side of
King street, between Fort and Alakea
streets, has a frontage of 154 feet, a
depth Of so feet. It is three stories
high, with basement. The building is
divided ST nv - Il