The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1920-05-07

May 8, 1920
Mr.. r. A. Wadsworth, Chairman,
and members of the Citizen Com
mittee to consider the situation
concerning the supply of electric
light and power to the communi-
ties Of Central Maui.
Gentlemen:
Your committee appointed for the
purpose of considering ways and
means of supplying electric light and
power to the communities OF Centarl
M2ui beg TO report as follows:
Your committee met at the Chamber
Of Commerce rooms Wailu!u at nine
o'clock Monday morning, May 3rd,
and after careful consideration, rec
cmmends as follows:
First: That a new Company be in
corporated, to be known as the Maui
Electric Company Limited, with the
capitalization of 100000 divided in
TO 5000 shares of the par value of
$40 each, and with the priyiles, b"
increasing the said capital to $780,
600.
Second: That the proposed Com
pany be incorporated with as little
delay as possible.
Third: That the Company proceed
independently Of any existing cor
pOratiOn with plans to acquire the
necessary power plant and equip
ment 20 distribute electric light and
power to the communities mention
ed.
Fourth: That the Supervisors of the
County of Maui be approached with
the view to obtaining for the CONF
pany a license to use the street
for the purpose of placing pole
and lines pending such time az
a franchise can be obtained from
the Legislature of the Territory OF
Hawaii, and approved by the Con-
gress of the United States.
Fifth: Fol- the purpose of facilitating
and eXpediting the formation of
such a Company, we recommend
that ten representative citizens sub
scribe for 500 shares each, and that
1870 of the shares so SUBSCRIBED be
held in trust to be allotted ST. the
Sixth: TIL stock be distributed
as wide possible among the
consum' Sf Electric light and
power v n the districts in which
the proposed Company is TO operate.
Seventh: Just as o o as the cor
porate papers are fields, agents
should be put in the field to get
bona fide contracts from
of electricity wherein they will
agree to purchase light and power
from the proposed Company just as
soon as same shall be prepared to
furnish it, at a figure rot greater
than that now being charged, name
ly twenty cents per kilowat,
Eighth: That this committee employ
expert legal advice to determine
whether or not the new company
can operate under a license from
the Supervisors, and empowered to
perfect the organization of this
Company, and employ expert cleo
trical advice with a Wow to deter
mining the size and kind of power
plant to be installed.
Ninth: That no steps be aiken by
the committee to be named, that
would in any wise jeopardize the
incOrporators of the new Company,
and make them liable under any
possible damage suit.
Ten: That the new Company have
its distribution of stock be made as
representative of the Maui public
rs is possible and that under no
conditions should the control of the
new Company be in the hands of a
few men.
Your committee believes
that the prelir 'nseS of
forming the proposed company in
Guiding the c~anVassing for contracts
and legal and expert electrical ad-
wise will he nominal as compared to
the advantages to be received.
Twelve: Basing its judgment on the
evidence given the Public Utilities,
the committee believes that the
prospects for the proposed Com
pany are very bright and that cleo
trio light and power can be furnish
ed to the communities mentioned
at a lower rate than that which has
been imposed upon the community
ut the same time giving excellent
returns on the investment, and a
service which will be i'm every way
satisfactory to the community.
Very respectfully yours,
Signed