ACT 15

[S. B. No. 5]

AN ACT To Provide A Memorial To The Men And Women Of Hawaii Who Served During The Great War.

Be it Enacted by the Legislature of the Territory of Hawaii:

Section 1. The sum of two hundred and fifty thousand dollars ($250,000.00) is hereby appropriated out of moneys hereafter received by the treasurer for and on account of loan funds, and bonds may be issued as provided by law and as hereinafter designated, to the extent necessary to yield the amount herein appropriated for the purpose of constructing a memorial at Memorial Park, Waikiki, to the men and women of Hawaii who served during the great war.

Section 2. For the purpose of producing the necessary funds with which to construct said memorial, bonds to the extent of two hundred and fifty thousand dollars ($250,000.00) shall be issued by the treasurer of the territory, payable in five (5) years after the date of issuance and bearing interest at a rate not to exceed five per cent (5%) per annum. One-fifth (1/5) of the bonds so issued shall be retired each year and the bonds so to be retired annually shall be determined by drawing or lot.

Section 3. The said sum of two hundred and fifty thousand1 dollars ($250,000.00) hereby appropriated shall be divided into- four (4) parts and payable by the several counties and city and county, in the proportions that the total assessed values of the real and personal property in the several counties and city and county for the year 1921, bear to the total assessed value of all such property in the Territory.

Section 4. The several tax assessors in the several taxation divisions of the territory, beginning with the year 1922 and thereafter for five (5) successive years, shall add to the tax rate of their respective taxation divisions, an amount sufficient to produce in each year during the said five years, a sum equal to one-fifth (1/5) of the total amount payable by the respective counties and the city and county, as by Section 3 hereof provided, together with the annual interest on that amount, and the several sums so collected shall be deposited by the treasurer of the territory, in a special sinking fund for the retirement of said bonds, and the payment of the interest thereon. It is provided, however, that if, on any annual interest date, a sufficient amount has not been collected from the counties and the city and county to meet any interest payment and to retire one-fifth (1/5) of the said bonds as in Section 2 hereof provided, the amount necessary to pay the said interest and to retire one-fifth (1/5) of the said bonds shall be paid by way of advancement out of general revenues of the territory and repaid into the general revenues of the territory from the said sinking fund, when a sufficient amount shall have been collected and deposited therein pursuant to the provisions of this section.

Section 5. A commission consisting of three members, shall be appointed by the Governor and shall be known as the Territorial War Memorial Commission. This commission shall serve without pay and shall make arrangements for and conduct an architectural competition for the design of the memorial provided for in this Act, and shall decide upon and designate the scheme of memorial to be adopted. These plans shall include a swimming course at least 100 meters in length, and such other features as the commission may designate.

Section 6. The sum of ten thousand dollars ($10,000.00) is hereby appropriated from the current revenues of the territory, not otherwise appropriated, by way of advancement for the necessary expenses of the commission in conducting the competition and for the awarding of prizes; said advancement to be paid from the proceeds of the sale of the bonds as hereinbefore provided. All funds appropriated for the payment of the necessary expenses of the commission or for the awarding of prizes shall be payable only upon the presentation of vouchers approved by the commission.

Section 7. The commission shall notify the superintendent of public works of the name of the architect whose plans are adopted. The superintendent of public works is hereby authorized and directed to employ the said architect to furnish detailed plans and specifications and to assist the superintendent of public works in the supervision of the construction of said memorial. The superintendent of public works shall advertise for bids under these plans and specifications as provided for by law and shall superintend and control the building, erection and construction of the said memorial.

Section 8. This Act shall take effect from and after the date of its approval.

Approved this 15th day of March, A. D. 1921.

c. j. Mccarthy,

Governor of the Territory of Hawaii.