Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-05-02
ACT 1873
ANACT

REPEALING FORMER LAWS RELATING THERETO
BE Enacted by the Legislature Of The Territory Of Haua
SECTION l. Transfer City and County. As
be after the expenditure much may be required out Of
appropriations made from loan funds for the Honolulu Water
Works and the Honolulu Sewer Works before this Act takes
effect and any later than July 1914 said water
and works and all moneys in the Honolulu Water and
Sewer Works fund shall be transferred from the Territory to
the.City and County of Honolulu or its successor.
SECTION 2. Management Until such transfer the opera
ton maintenance extension and Improvement of said works.
1.-The collection and expenditure Of all moneys account thereof
and the exercise and performance of all and duties in
relation thereto shall be by the Superintendent of Public Works
subject the direction of the GOVERNOR and after such trans
fer the shall be by such officer shall be designated by
law by the Board of Supervisors other governing body
if any of said City and County its subject the
directions of said Board or other body.
Upon such transfer said City and County its
the may be shall and become liable for the pay
of all Indebtedness incurred by the Territory for the
eraion maintenance construction improvement and extern
sion of said works the thereon and all
and other obligations of every kind of the Territory incurred
by of connection with said works the
which the Territory shall be liable therefor Immediately
preceding such transfer
from from said works shall be paid into the Treas
ry the Territory said City and County
or the may be- and there held special fund for the
following purposes for which alone shall be expended: %
the operation and maintenance of said works. 90 interest
bonds issued for the and Improvement of said
works. (3 the payment of said bonds for which purpose there
shall be aside each year not less than such that the
aggregate of the aside, with interest thereon
pounded yearly the of interest specified in the bonds
tha of thnh dSatn
than such that the aggregate Of such with such
interest would the par value of the bonds when they
become redeemabe and O the extension and Improvement of
said works.
In whole or partial fullment obligations under sub
divisions and (3) of this Section said City and County
its shall after sn transfer pay to thu Territory
the interest dates any such bonds shall have been issued
by the Territory interest upon equal the par value
of such bonds the of interest specified such bonds and
also such each year during the term for which
said bonds shall have been issued whether refunded not,
that the aggregate of the paid WILL compounded
ally such of interest equal the expiration of such
term par value and may pay the Territory in any
wear any additional of the principal Of said
bonds and when any such payment shall be made account
of the principal the interest payable thereafter shall be reduced
correpondingly, and when the aggregate paid
of the principal of said bonds shall equal the par value
thereof all obligations of said City and County respect
sad bonds prlncaand interest shall be deemed to have been
discharged All amounts paid to the Territory
of principal shall be credited the Territorial sinking fund
and such credit when made shall be deemed have been made
under the provisions Of the first paragraph Of Section Of Act
81 of the Laws of 1907.
SECTION f. Water Revenues Rates shall be charged for
the of all and power furnished by said works,
whether the United States the Territory CITY aid
County its successor vessels corporations persons others
except otherwise required contracts heretofore made
SECTION 1t shall be the duty of the City and Coanty
Honolulu to and maintain the said works and pay
from time to time the Territory Of the general
of the City and County for the purposes stated M divisions