Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-03-12

respectively. and 10 read as follows:
"a This franchise may at any time
after the expiration of the term oil
thirty years for which ii was origin
ally granted, be amended or repealed
~ the congress of the United States
or by the legislature of the Territory
of Hawaii with the approval Of the
congress of the United States; and
the rights, privileges and powers by
this act conferred shall not be con
strued to be exclusive -.
''5. Said corporation and the fran
chise, rights and privileges granted &c
il by this act shall he subject to such
law establishing public utility com
mission and such other laws of Il gen
eral nature as may be applicable from
time to time to street railways or the
companies opera ing them in the Ter
Iitory of Hawaii -. ...:... T..
Section g.. That Section 81 of said
Act 60 (being Section SIT of said Re
vised Laws is hereby amended SC
as to read as follows: .....-. .'
Section 81. After March 4, 1918
the said corporation shall not issue al,
6itional capital stock in excess of the
amount paid to il therefor in cash
nor shall it issue bonds at less than
their par value; and the entire pro.
ceeds of such stock and bonds shall
be applied to capital expenditure"
Under City Authority. 3 .........
Section z. That said Acts SO and
20 are hereby further amended as fol
lows: IT.. r.. r. =.
Add to Section 1 of said Act 50 IRE.
yised Laws, Sec. $3.50: Political
division shall refer to and mean the
City and County of Honolulu or such
other political division of the Terri,
tory of Hawaii, within or including the
Island of Oahu, as may be designated
from time to time by the laws of H1-
waii; and Board of Supervisors shall
refer to and mean the Board of Super,
,isors of said City and County OF
Honolulu or such other body as may
be designated from; time to time by
said laws"
Strike out Governor and Super
intendent of Public Works, with the
approval of the Governor" wherever
thew occur in subdivision IL of Section
9. subdivision 2 of Section 4, subdi-
visions 2 and of Section 3, and sub
division 8 of Section 20 of said Act
SO and Section l of said Act 40 Gre
yised Laws, Secs. S36. SSS, S43, S54
and S64) and insert in lieu thereon
Board of Supervisors. !"
Strike out Superintendent OF Pub
lie Works" in subdivisions /, 5, 8, .
and 10 of Section 4, subdivision OF
Section 20, and Sections 80 and sc OF
said Act SO (ReNised Laws, Secs. S3S,
S64. S6S and 800 and insert in lieu
thereof Board of Supervisors. ex.
cept in the first two sentences OF said
subdivision of Section 20, in which
sentences insert in lieu thereof ZAP
propriate authority and strike out or
ether officer duly appointed by him;
and in said Section SO strike out
him" and insert in lieu thereof 1t.
Insert "and such political division
or ..or such political division" as the
context requires, after Territory" and
Territory of Hawaii wherever they
occur in subdivisiph : Of section Z and
subdivision 8 of section 20 fRevised
Laws. Secs. 1913 and s64); and in said
subdivision 8 of section 90 strike out
"shall'' and insert ! in lieu thereof
may"
Strike out attorney General of the
Territory of Hawaii, or any other
person to the use of the territory" in
section of said act 50 (Revised laws,
Sec. S42) and insert in lieu thereof
attorney of such political division, or
any other person to the use of such
political division"
Strike out department" in section
81 of said act SO (Revised Laws, Sec.
1861 and insert in lieu thereof "of
such political division" "......
Must Go To Congress =......
Section s. This act shall take eff
feet when the Honolulu Rapid Transit
e Land Co.. the holder of the fran
chise granted by said acts So and 10,
shall notify the governor of Hawaii
in writing that it has accepted the
terms thereof by an affirmative vote
of the holders of majority of its
stock; Provided, that this act shall be
approved by the congress of the Uni
ted States within two years after its
passage by the legislature of the Ter
ritory of Hawaii, and that said Homo
lulu Rapid Transit & Land Co. shalt
so notify the governor of Hawaii
within six months after such action
by the congress OF the United States.