If you don't have a fuel solenoid on the carb. The only wires you need is the wire from the battery to the B terminal of the key switch. The wire from the S on the key switch to the small terminal on the solenoid, and a wire from the M terminal to the ignition module to kill the engine. Depending on the type of ignition on the engine. You may need a hot wire from the key switch to the ignition modules on the ASAM and DSAM type ignitions.
Thanks ilengine: It does have a fuel solenoid on the carb. I understand I can use the L terminal for that. Thanks for the help. Things starting to make since.