Public Law 75–483

That the

Hawaii.

Legislature may authorize Honolulu to issue sewer bonds.

Legislature of the Territory of Hawaii, any provision of the Hawaiian Organic Act or of any Act of this Congress to the contrary notwithstanding, may authorize the city and county of Honolulu, a municipal corporation of the Territory of Hawaii, to issue general obligation

Amount.

bonds in the sum of $1,750,000 for the purpose of enabling it to construct main interceptors and trunk lines and to meet its share of expenses for the construction and extension of laterals under improvement district assessments for a sanitary sewer system in the city and county of Honolulu.

Sec. 2.

The bonds issued under authority of this Act may be either

Character of bonds maturity, etc.

term or serial bonds, maturing, in the case of term bonds, not later than thirty years from the date of issue thereof, and, in the case of serial bonds, payable in substantially equal annual installments, the first installment to mature not later than five years and the last installment to mature not later than thirty years from the date of such issue. Such bonds may be issued without the approval of the

Approval of President not required.

President of the United States.

Sec. 3.

Any legislation enacted by the Legislature of the

Confirmation of legislative acts.

Territory of Hawaii in its 1937 session pertaining to the issuance of sewer bonds, as authorized by this Act, is hereby ratified and confirmed subject to the provisions of this Act: Provided, however, That

Proviso.

Changes allowed; disposition of balances.

nothing herein contained shall be deemed to prohibit the amendment of such Territorial legislation by the Legislature of the Territory of Hawaii from time to time to provide for changes in the improvements authorized by such legislation and for the dispostion ¹¹ So in original. of unexpended moneys realized from the sale of said bonds.