The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1911-04-07
Important Changes.

It is the second bill which gets
down to the really important changes
proposed in the franchise, yet it does
not cover all of those subjects Of con.
troversy which have been raised at
various hearings and public meetings.
The bill, which was ntrJduced " the
public lands committee, on u. report
signed by all the members OK the COM
mittee except A. l.. Castle, who sta: ed
he did not sign because ne was inter
ested in the company, is as follows;
"That the term of the franchise
granted in said chapter sixty-six Of said
Revised Laws shall be and the same is
hereby extended to July l, 1850; pro-
vided, that at any time after the first
day of January, 1880, such extended
term may, by act Of the legislature of
Hawaii, be terminated, and the right
of the holder of such franchise to use
public streets and places in Hawaii for
its car tracks and other uses shall cease
when such holder shall be paid by the
Territory of hawaii, or any political
division thereof, within or including the
Island of Oahu, the cost of its property,
less depreciation, subject to the then
existing indebtedness, if any. If such
upon between the reasuIer of the said
Territory or the duly appointed repre-
sentative of such political division and
the holder of such franchise, then the
amount to be paid to the holder of the
franchise for such purpose shall be de-
termined by commission of three per
sons, one to be apo 'nted by the holder
of the franchise, or, in case it should
fail to do so within thirty days after
being requested to do so by the pur.
chaser, by the chief justice of the su.
preme court of Hawaii; one by the pur-
chaser and the third by the two so ap.
pointed, or, in case they should fail to
agree upon the third member within
thirty days, then by said chief Justice
"Within six months after the deter
mination of the purchase price as afore-
said, the same shall be paid to the
holder of the franchise,
Payment Of Percentage.
"That section s51 of said Revised
Laws, being a section of said chapter
SO, shall be and the same is hereby
amended by striking out the paragraph
numbered and inserting the follow
ing in place thereof:
"a. From and after the first day of
July, 1917, two and one-half per cen.
tum of the gross transportation receipts
arising from the operation of the street
railway authorized by this act shall be
paid to the treasurer Of the City and
County of Honolulu. The first pay.
ment of such two and one.half per cen
tum of such receipts shall be paid in
the month of January, 1918, and
thereafter shall be paid annually in
January.
"This act shall take effect and be-
come law by proclamation of the Gov.
ernor of the Territory of Hawaii, after
its approval by the congress of the Uni.
ted States and when he shall have re-
ceiyed notice from the Honolulu Rap.
Id Transit and Land Company, the hold.
or Of the franchise by said chapter Sc
granted, that II has accepted the terms
hereof by a majority vote of all Its
shares Outstandlngj provided, that ae.
tion upon this bill shall be had by the
congress Of the United States within
four years from tho passage thereof by
the legislature Of the Territory Of Ia.
wall, and that action thereon shall be
taken by the said Honolulu Rapid
Transit and Land Company within six
months f0llwlnR the aeilOn by the con.
gress Of the United States