LAWS OF THE REPUBLIC OF HAWAII PASSED BY THE LEGISLATURE AT ITS SESSION, 1896. STANFORD LIBRARY HONOLULU : HAWAIIAN GAZETTE COMPANY'S PRINT. 1896. LAWS OF THE REPUBLIC OF HAWAII. ACT 1. AN ACT TO FURTHER PROVIDE FOR THE PAYMENT OF CURRENT ACCOUNTS. Whereas, It is expedient that authority should be given to the Minister of Finance to secure funds temporarily on loan by way of a bank overdraft; now therefore Be it enacted by the Legislature of the Republic of Hawaii SECTION 1. The Minister of Finance, with the approval of the Executive Council, is authorized to open a bank account or bank accounts in the name of the Government of the Republic of Hawaii with any bank or banks or financial institution carrying on business in Honolulu, and from time to time to receive on loan by way of overdraft on such account or accounts such sums of money not to exceed $150,000 at any one time, as the said Minister and the said Council may deem necessary to meet the current expenses of the said Government. SECTION 2. The moneys borrowed by authority of this Act shall be repayable by the Minister of Finance upon his tender of the same, together with interest not exceeding six per cent. per annum in Gold Coin of the United States of America. SECTION 3. No money shall be obtained on such account or accounts except against Departmental drafts or orders on the Treasury of an equal amount duly accepted by the Minister of Finance. SECTION 4. All moneys received under the authority of this Act shall be paid out and used only for the current expenses, as aforesaid, of the Government, and such moneys shall be repayable, and the interest thereon shall be paid out of the current revenue of the Government as provided by the Legislature. SECTION 5. No moneys shall be received under the authority of this Act after the first day of April, 1898. SECTION 6. This Act shall take effect from and after the date of its publication. Approved this 5th day of March, A. D. 1896. SANFORD B. DOLE, President of the Republic of Hawaii. ACT 2. AN ACT RELATING TO THE BEGINNING AND END OF THE BIENNIAL FISCAL PERIODS. Be it enacted by the Legislature of the Republic of Hawaii : That 'in order to avoid any uncertainty as to the beginning and end of each biennial fiscal period, it is hereby declared and enacted that the present biennial fiscal period shall be held to have begun January first, A. D. 1896. Approved this fifth day of March, A. D. 1896. SANFORD B. DOLE, President of the Republic of Hawaii. ACT 3. AN ACT TO APPROPRIATE MONEY FOR THE PURPOSE OF DEFRAY ING THE EXPENSES OF THE SESSION OF THE LEGISLATURE OF Be it enacted by the Legislature of the Republic of Hawaii: SECTION 1. There shall be and there hereby is appropriated the sum of Fifteen Thousand ($15,000) Dollars from the Public Treasury, for the purpose of defraying the expenses of the Session of the Legislature of the year 1896. SECTION 2. This Act shall take effect from and after the date of its publication. Approved this fifth day of March, A. D. 1896. SANFORD B. DOLE, President of the Republic of Hawaii. |