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392
PIECES JUSTIFICATIYES .
Nº 4.
The property of American citizens residing in or trading
with the Sandwich Islands shall he held inviolable; and
said citizens, may freely sell, hequeath or otherwise dispose
of their property, whether in the form of goods, animals,
huildings, tenements or improvement to any person or
persons whoever : but in all case of transfer of real estate
or lease privilege ,
the government shall he previously
informed thereof : and the government will in no case
inhibit such transfer unless it be manifestly in opposition
to the interest of the government.
ÁRTICLE
2nd.
American citizens may have the privilege of leasing or
renting land for agricultural or other purposes for terms
and periods which may be agreed upon in each case. But,
in recognising this principie of lease privilege, the govern–
µJent is not bound to grant leases to ali or every one
who may apply. At the expiration of the period of lease,
it may he renewed on terms to he agreed upon hetween the
government and the leaser, hut if the parties do not agree,
the improvements as huildiQgs, tenements, etc., that may
he upon the land shall he sold as it is, or their true value to
be ascertained by reference to competent judges, hut shall
not be destroyed without the owners thereof being paid
their value.