The Hawaiian gazette., 1905-02-21

individual, shall be granted for a period
longer than II years and in addition to
any other form of compensation the
grantee shall pay annually a sum based
m amount on its gross receipts to the
I city Every orant shall make adequate
| provision by way Of forfeiture OF the
grant or otherwise to secure efficacy Of
public service at reasonable rates and
the maintenance of the property in good
| condition during the term of the grant
| Every grant, and every contract in pur.
suance thereof NAV provide at the ter
mination of the grant that the planr as
well as the property, if any, of the
| grantees in the streets, avenues and other
| public nlaces shall. without further COM
| pensation, be and become the property of
| the city. Every grantee of franchise
| from the city. renderir~ a service to be
| paid for in whole or in part by users of
! such service, shall keep books of ac-
/ counts and make stated reports to the
| city controller which shall contain an
account in summarized form and detail
of all receipts and expenditures TO-
gether with a full statement of assets
and debts as well as other information
as to the financial condition of such
grantee as such controller may require.
Such reports shall be public records and
shall re Printed 2S part OF the annual re-
port to said controller, and said con-
trollcr may inspect or examine, or
causc to be inspected and examined at
all reasonable hours the books of ac-
counts of such grantee. The city may, if
it deem proper, acquire or construct and
may also operate on its own account and
may regulate or prohibit the construction
and operation of railroads or other
| means of transit or transportation, and
methods for the production and trans
mission of heat. light electricity or other
power in any of their forms by pipes or
wires or other means, not inconsistent
with the vested rights of corporations,
or individuals. before the incorporation
OF such city.
Section II. No contract TO which the
city is party shall be for longer
| period than five years and no contract in
| volving a payment by the city of more
| than $4,000 shall be made except by adj
vertisement and bids, and no contract
shall be made for material in cases
where the supply is controlled by one
company or person. No contract shall
be entered into until after an appropria-
ton has been made therefor Each con-
tract TO be binding must be counter
signed by the controller ana charged to
the proper appropriation.
Section H. Within its corporate
limits the city shall have the same
powers of taxation as the Territory but
the taxes on property shall not in any
year exceed one per cent. CT the assessed
value thereof 1t NAV license and regu-
| late all trades, corporations and busi-
nesses, but anv licensee of the Territory
at the date of incorporation of the city
shall be exempt from paying for city
| license until such territorial license shall
have expired.
Section I3. The city shall have power
| to make local Improvements by special
| assessments on property adjudged to
have received special benefit The as
certainment and apportionment of the
benefits derived from such local inn
provements shall be made in accordance
with the laws of the Territory where
such laws can be made applicable. No
improvements to be paid for by special
, assessment shall be undertaken without
the consent of majority in interest and
number of the owners of the property to
be assessed unless the ordinance therefor
shall receive the affirmative vote of
three-fourths of all the members of the
council and be approved by the mayor
after the public hearing of the persons
interested of which due notice shall be
given by advertisement in the manner to
be prescribed by general ordinance
Section II. The city shall have power
| to borrow money on the credit of the
| corporation and to issue bonds therefor
| in such amounts and form and on such
conditions as it shall prescribe for the
promotion of nublic works to the
amount allowed by the Organic Act of
the Territory.
Section IS. Every city shall keep
books of accounts. 1t shall make stated
financial reports at least once year to
the Treasurer of the Territory in ac-
cordance with forms and methods pre-
scribed by him, which shall be applicable
to all the cities of the Territory. Such
reports shall become public archives and
shall be submitted by said Treasurer to
the next regular session of the legisla-
ture. Such reports shall contain an ac-
curate statement in summarized form
and also in detail of the financial re-
ceipts and disbursements of the city to-
| gether with a statement in detail of the
| debt of the city at the date of said re-
port ana OF the nuTOOSe lot WHICH SUCH
i debt was incurred as we'll as all other
information which may be required by
said Treasurer Said Treasurer shall
have power to cause all the books and
accounts of any city to be examined at
any time. On such examination inquiry
snould be made as to the financial condi-
ton and resources of the city and wheth-
er the requirement of the Organic Act
and the laws of the Territory have been
comDlied with, and into the method and
accuracy of the city accounts and as to
such other matters as said Treasurer
may prescribe The said Treasurer, OF
any examiner appointed by him shall
, have power to administer oaths to any
persons whose evidence is required or
anv such examination. and may compe
the appearance and attendance of wit
nesses and the production of books ant
! papers. Wilful false swearing in sucf
> examinations shall be perjury and pun
shable as such. A report of each sucf
examination snail be made and shall b.
: matter of public record in the Office
: of the Treasurer.
: Section 10. Within its corporat,