Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-10-25
TRANSIT
Fight IS begun
ON BROAD BASIS
CONTINUED nom page one,

yeStme1tS nave Deen used 10 replace
wasted material He also stated
that portions of the property OF the
company are not used for public pur-
poses. The company has invested 3
portion Of its capital. he added. in a
manner which IN no sense Is benef.
|cial to the pnhlic.
A section of the territory's complaint
was amended to-day to read as follows:
That your petitioner has been in
formed by an expert accountant, who
has examined the books of the said
H0noitlu Rapid Transit and Land
Company, ahd by expert engineers
who examined the property of the said
railway, as well as the statements pre-
pared by said accountant from said
books, that tEe acfuaI cost OF the prop.
erty OF said railway, as we'll as the
actual value. of said property does not
exceed S966, 009. and your petitioner
believes the information so obtained
and therefore charges the. fact that
neither the actual cost nor the actual
value .0f The property of said railway
exceeds $3.50. 000. ;, = 80. rsilss
Until the close of the trial, Judge
Stuart will hear. the case from I; "a
O'Clock tn the, morning until noon
There also win be afternoon sessions
beginning at, 3 9cloek. sas;,,.,.s !
TSfEitery's Points. 5.s.,ss
The tefrit6fy'ss fight. az outlined in
its petition for AN iajuneti6ni Is to
restrain the company from increasing
its capital stock. The territory al
.leges that the present capital stock,
$1,207, 500s exceeds the amount which
the company by law IS authorized to
issues The territory also alleges that
the company plans to increase It's. capi-
tai to s.. 800 D00s which il seeks to pre-
VENT The territory also seeks to pre-
vent the payment of any dividends
upon any stock except that now ont.
standing.
The Rapid Transit Company main
tains. that .itihas every legal right to
increase its capital stock TO 81 900. 600
and, while stating that 1t has made
no, move TO do SO ayers that 1t may.
do so at any time unless Restrained
by order of court,
This is the. gist Of the legal bat
tie that began today The aramuni-
ton for the battle lies in the terms
of the charter and in the facts con.
carninf the company 8 physical valua.
zion 3 Il
1s Charter Proyision.
= 20. 800. :. !. .,,,..n 80. ,h., ,bs
pan;d ~ Tsaasst ,,as 80 ;ncrsass no
an;.s, .t,soH - sny s ,, syese,,ine
-, 1890 oost - .ha ,,ronarfv IF the
me as.uai a., sS SE -. ~. s.,4 ~ s,,oh cos,
TAI .d pa3 nc. - ,ravant, stocl.
,, n,s sa'a. w. sssss'
"s TEa trrr,,o,, -. ;,,t.,nsd IN AMI
on II 49, t,,.t;f;ok nc : ;Eissf sfhst
o. 81, - S ~ - t,,s s,iissv NC
-. sraE 'laS S.s,,a ,.,,ar,laas s,,,St tie
,y 80, sssa- . s s1A thar f,s
.'..ia ,sI1is ;ssy aha thsf
- : ,,,rs q. ~ n sf1 mo
. 80 - ~ - 5000 ~ 'TTat II
e ,,s,lse ,sSsliy ;as,,S
T m, cl,s+ees tha eamnauv inst ne
st,a-se1s sass;es 90 .Ssslsrirr that 4 has
~ S,lv stssr wI.scb eoSld IesalIy
- Mt c,,t ,,y,sisy ;ts S3artsy terms.
" ~. ~ a s.. - 49, 49, - r.
.,l1 as ' $500 49, :. =, - -. y
;e a4 = ~ ~ i,,,, =. anil
.ne Via, :, $3.50 = .nE g 49, .s,,
- WIN Se ny 49, un ~ aorUany.s stats.
eoI w ~ - sn Nv. !. 80 $3.50. az nssS.s
lsht " sose y ~ - y ~ -.
sos y aae ~ - ,..' -. ~
ssase 4. =. 49, = - 'e
tfs nsei p5esasi1l = ...s ensa s,,s.t
ne te.tI.y nas eon .so ss. eaSs &c
sAa !ililal,ons DV.n - 80 a. 3 y.
DOCKS ana the p e pfoperey VI 'llo 7.
company As welt
a. EQodang Hleiu. the acco 'al'' .l =
mas sDeen Tetalned % me LetIi.oiy ,i a0l
the examination Of the DOORS, WHY
the PHYSICAL vaiuatlcn mas nee. Hiaue
l'nder the direction q sunerla1e =
also reported this morning that sew.
eTal we'll known civil engineers o.
Honolulu had been retained as experts
for the government -
Terrifcf.,,s Plea.
The eist OF the petition for an in
junction fled by the territory IS In the
Ilf.
.sfhaf II il pruyided nv said charter
Of fffesTrtoratftu and nv said franchise