Act 114. Teachers' Pensions, become a pensioner under this Act; provided twenty years of such service shall have been spent in the public schools of this Territory. SECTION 6. Any inspector, principal, teacher or special teacher who shall have served in such capacity or capacities in the schools of this Territory, or elsewhere in the United States, for a period of thirty years, may voluntarily retire from service in the public schools and become a pensioner under this Act, provided twenty years of such service shall have been spent in the public schools of this Territory. SECTION 7. No pension paid under this Act shall exceed forty per cent. of the annual salary of the pensioner receiving it at the time of retirement from service, nor shall any pension exceed the sum of four hundred dollars per annum; and further all pensions at all times shall be at the same rate per cent. of the salaries of the several pensioners at the time of retirement, except in cases where the pensions at that rate would exceed four hundred dollars per annum. If the amount of money contained in this fund shall become at any time inadequate to fully carry out the provisions hereinbefore mentioned, and in case the Legislature of the Territory fails to appropriate sufficient amount to make up such deficiency, then the trustees of said fund shall then pay pro rata to the persons entitled to participate in said fund such amount as in their judgment the condition of the fund will warrant, and such payment shall be in full of all pensions then due under the provisions of this Act. SECTION 8. No person shall become a pensioner under this Act who has not contributed to the fund hereby created an amount equal to twenty per cent. of his or her salary per annum at the time of retirement; but any such person, otherwise qualified who has been or who shall have been in the service of the department of public instruction prior to July 1, 1916, Act 114. Teachers' Pensions, may become a pensioner under this Act by making a cash payment to the said fund at the time of retirement of such an amount as his or her previous contributions may have fallen short of the required twenty per cent. of his or her salary per annum at the time of retirement, provided, however, that such person become within one year from July 1, 1915, an applicant for pension as specified in Section 4. Any duly qualified person on entering the service subsequent to July 1, 1916, may become an applicant for pension, but such person must become an applicant within one year of entrance, or time of service, as affecting this Act will not be counted until such person becomes an actual applicant. SECTION 9. If at any time any inspector, principal, teacher or special teacher shall be discharged or shall retire from the service before such person would under this Act be entitled to a pension, then such person shall be paid back one-half, without interest, of the money he or she shall have contributed to this fund. Should any inspector, principal, teacher, or special teacher die before such person would under this Act be entitled to a pension, the heirs or representatives of such person shall receive one-half the amount, without interest, which shall have been paid into the said pension fund by such person. SECTION 10. No pension shall be paid from the fund created by this Act before July 1, 1916; but any person legally entitled to become a pensioner under this Act may retire or be retired from the service before that time and shall not be deemed to have forfeited his or her right to become a pensioner under the provisions of this Act. SECTION 11. This Act shall take effect from and after the 1st day of July, 1915. Approved this 19th day of April, A. D. 1915. LUCIUS E. PINKHAM, Governor of the Territory of Hawaii. Act 115. Exposition Commissioners' Expenses. ACT 115 AN ACT TO AMEND ACT 154 OF THE SESSION LAWS OF 1913, ENTITLED: "AN ACT TO PROVIDE FOR HAWAII'S EXHIBIT AT THE PANAMA-PACIFIC EXPOSITION, MAKING A SPECIAL APPROPRIATION FOR THE CONSTRUCTION OF A BUILDING OR THE LEASING OF SUITABLE SPACE IN ANOTHER BUILDING OR BUILDINGS TO HOUSE SUCH EXHIBIT AND FOR THE EXPENSES OF ITS INSTALLATION AND MAINTENANCE,' BY ADDING THERETO A NEW SECTION TO BE KNOWN AS "SECTION 2A." Be it Enacted by the Legislature of the Territory of Hawaii: SECTION 1. Act 154 of the Session Laws of 1913, entitled: "An Act to provide for Hawaii's Exhibit at the Panama-Pacific Exposition, making a special appropriation for the construction of a building or the leasing of suitable space in another building or buildings to house such exhibit and for the expenses of its installation and maintenance," by adding thereto a new section to be known as "Section 2A," as follows: "Section 2A. That no member of said Commission shall, directly or indirectly, receive any salary or compensation as such commissioner, except that the actual traveling expenses to and from the Exposition and actual living expenses while at the Exposition of any Commissioner may be paid out of the fund herein upon the submission to, and approval of, vouchers therefor by the Auditor of the Territory of Hawaii; and provided that the total of such expenses incurred, or to be incurred, by said Commissioners shall in no case exceed the total sum of four thousand dollars." SECTION 2. This Act shall take effect upon its approval. Approved this 19th day of April, A. D. 1915. LUCIUS E. PINKHAM, Governor of the Territory of Hawaii. Act 116. Conservation Tax. ACT 116 AN ACT TO AMEND SECTION 1321 OF THE REVISED LAWS OF HAWAII 1915, RELATING TO THE USE OF THE ADDITIONAL ONE PER CENT INCOME TAX, HERETOFORE KNOWN AS THE "CONSERVATION TAX." Be it Enacted by the Legislature of the Territory of Hawaii: SECTION 1. Section 1321 of the Revised Laws of Hawaii 1915, is hereby amended to read as follows: "Section 1321. Tax used for what. All amounts collected from time to time under the provisions of this chapter, and all funds in the treasury unexpended and uncontracted for, and heretofore collected under the provisions of this chapter, shall constitute and be a part of the general revenues of the Territory in like manner as the tax levied, assessed and collected under the provisions of said Chapter 94." SECTION 2. This Act shall take effect on June 30, 1915, and shall continue in force for the same time and in like manner as other provisions of this chapter. Approved this 19th day of April, A. D. 1915. LUCIUS E. PINKHAM, Governor of the Territory of Hawaii. Act 117. Special Income Tax. ACT 117 AN ACT TO PROVIDE AN ADDITIONAL INCOME TAX OF ONE PER CENT UPON ALL CORPORATION INCOMES AND UPON INDIVIDUAL INCOMES IN EXCESS OF $4,000.00. Be it Enacted by the Legislature of the Territory of Hawaii: SECTION 1. Rate on person's income. In addition to the tax of two per cent., authorized to be levied, assessed and collected upon the gains, profits and incomes of persons in the Territory of Hawaii under the provisions of Chapter 94 of the Revised Laws of Hawaii 1915, there shall be levied, assessed and collected annually upon the gains, profits and income over and above four thousand dollars derived by every person residing in the Territory, from all property owned, and every business, trade, profession, employment or vocation carried on, in the Territory, and by every person residing without the Territory from all property owned, and every business, profession, employment or vocation carried on in the Territory, and by every servant or officer of the Territory, wherever residing, a tax of one per cent., on the amount so derived during the taxation periods defined by this Act; provided, however, that such tax shall not be levied or assessed upon money and the value of personal property acquired by gift or inheritance. SECTION 2. On corporation income. In addition to the tax of two per cent., authorized to be levied, assessed and collected upon the gains, profits and income of corporations as provided in said Chapter 94, there shall be levied, assessed and collected annually upon the net profit or income above actual operating and business expenses derived during the taxation periods defined by this Act, from all property owned, and every business, trade, employment or vocation carried on in the Territory, of all corporations doing business for profit in the |