The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1905-03-03

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disposes of the 100000 and interest
| for which he sold the business of
Bishop & Co., bankers, have just been
placed on record in the Registry of
Conveyances.
This is a separate deed of trust from
that in which Mr.. Bishop devoted
large amount of property in these is
lands, where he made his large for
tune, to the founding and endowment
of the Bernice Pauahi Bishop Muse
UNI as memorial to his deceased wife,
by whose will the Kamehameha
Schools were erected and placed upon
perpetual foundation.
BY the deed now recorded Mr..
/ Bishop gives the entire proceeds of
the sale of his bank at Honolulu to
individuals and religious, educational
and benevolent objects In the Hawai-
ian Islands, with the single exception
of the American Board of Missions
and i'm that case the gift is conditioned
on a local benefit to be returned. The
amount of the fund, as distributed
and invested, would be about one mil
lion dollars at ten years from date of
the trust deed a period just now ex-
piring.
Amendments to the deed were ex-
ecuted on August l. 1895, and Novem-
Der %, 1904, the effects of which are
noted in the summary of the original
instrument here given.
THE, pDIyAM pIE
The first clause of the preamble
states that Charles r. Bishop, of the
City of Honolulu, Island of Oahu, Ha-
waiian Islands, but temporarily resid-
ing at the City and County of San
| Francisco, State of California, desires
to give, for the uses and purposes
hereinafter stated, and, to accomplish
| such gift to transfer by Endorsement
and delivery to Charles M. Hyde,
Samuel M. Damon, Charles M. Cooke,
Joseph o. Carter and Charles r.
Bishop. all of Honolulu, as trustees
(the same individuals being the same
| trustees then administering the trust
created by the will of his late wife
Bernice Pauahi Bishop, certain per-
sonal property described as fourteen
promissory notes--two of $50,000 four
| VI SGo,UVu, lOuT Vi SlVU,VVU anu lOuTI VI
$4,000 each, the first six amounting to
100000 coming due June /, 1900, and
the last eight amounting to 100000
coming due June /, 1905, all bearing
interest at per cent per annum, Each
rote is made by Samuel NJ. Damon and
payable to the order of Charles r.
Bishop.
PRELIMINARY PROVISIONS.
Succeeding clauses make it clear
that the gift is exclusively in trust
for the uses and purposes of the deed,
land in no event for the Individual
use or benefit of said trustees, or any
of them, or their or any of their sue
cessors in the management of this
trust"
The first direction to the trustees is
to deliver forthwith to Cordelia C. AL
len, wife of William f. Allen, one of
the notes for $4,000 maturing June l,
1900 1.-The same TO be her absolute
property"
Provision is next made for extern
sion of times of payments of all the
notes and for the taking up of any of
them before maturity by the maker
upon sixty days written notice.
| FIRST SEtlES Vi Glt 10,
For five years from July /, 1895, the
trustees Were to make annual pay
ments out of the interest received to
the following objects in the amounts
stated dhe period changed to eight
years by amendment of August l,
1885,
To f. w. Damon, in aid of the Mills
School, Honolulu, $500.
To the Hilo Boys Boarding School.
$1,000.
To the Young Mems Christian Asso-
citation of Honolulu, $780,
To the Queens Hospital. $1,000.
To the American Relief Fund, 5000
(amended to $500 Aug. /, 1880.
To the Honolulu Library and Read
ing Room Association. $1,000.
To the Board of the Hawaiian Evan
gelical Association, $500.
, To the Maternity Home, $500.
To aid in the maintenance of night
schools in Honolulu, $1,000.
The trustees are empowered to make
or refuse to make payments, either in
whole or in part, to the Mills School,
the American Relief Fund. the Evan
gelical Association. the Maternity
Home and the night schools.
out of any balance, as soon as as
certained, they shall pay the Hawai-
van Historical. Scr!ety $1,000
SECOND SERIES OF GIFTS
Except where the right of discretion
/ is expressly conferred, the trustees
are further directed to pay, out of any
income from Investments, to the fol-
n lowing individuals, associations, cor
porations or objects, in the order
named, money as stated;
, Such sum as may be necessary for
the care, repair maintenance and i'm
provement of the tomb, monument and
grounds in Nuuanu where are depos-
: tied the remains of the givers late
wife and other Hawaiian chiefs.
Toward the celebration. at the Ka-
mehameha Schools. OF Founders
I Day" 5000.
: To Kawaiahao Female Seminary and
l (or) to other and similar school oil
Z schools for girls, conducted in the Ha-