§273-9 Arbitration of price. If any person entitled to such preemption desires to purchase the lands, and the person and the corporation do not agree to the price thereof, then the price shall be ascertained by arbitration. The cost of the arbitration shall be in the discretion of the arbitrators. [L 1878, c 29, §22; RL 1925, §896; RL 1935, §1802; RL 1945, §5060; RL 1955, §106-9; HRS §273-9]