The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-09-27


the Treasury of the City Of New Or.
/ leans the whole amount OF fees and
! charges SO collected. From the
amounts thus paid into the City
Treasury the Treasurer shall set apart
and reserve twenty per cent. out OF
which shall first be paid the expenses
necessary for the. preparation and ex.
ecution of the aforesaid bonds, ana
thereafter the same shall be used sole
lily and exclusively to retire the bonds
issued in payment of said Judicial Ex-
pense Fund warrants and interest
thereon, and the certificates of the
Comptroller hereinafter authorized;
and upon the second Tuesday in De-
cember and June of every year the
said Treasurer shall pay said amounts
so reserved, and also the amounts re-
ceived from the Civil Sheriff, to the
Board of Liquidation of the City Debt,
until all the bonds herein authorized
have been retired or paid; and on the
second Tuesday in February and Au-
gust of every year. said Board OF
Liquidation, in accordance with rules
to be adopted and made public by 1t,
shall, after paying the semi-annual in
terest ON said bonds, purchase or re-
deem with such money thus set apart
a. may have accumulated, and with
the surplus of the remaining eighty
per cent as hereinafter provided, as
many Of said bonds as said money
will buy or redeem, preferences being.
given to holders offering at the low
est rate; and all such bonds so pur-
chased or redeemed shall be by said
Board of Liquidation Immediately
cancelled, and record made thereof.
From the remaining eighty per cent.
of said fund there shall be paid
monthly the current salaries and ex-
penses of the Offices from which the
same is derived, including the salary
of the docket and minute clerks of
the Court of Appeal, as now consti-
tuted and until the election of the
clerk of the said court, as above pro-
vided, together with such authorized
expenses of said Offices as are not re-
quired to be paid by the City of New
Orleans; and the surplus of said
eighty per cent, if any, shall be paid
by the Treasurer to the said Board of
and shall be used to re-
deem or pay said bonds and certifi-
Gates as hereinbefore and hereinafter
provided. But if said eighty per cent.
during the six months ending July
31st, or January 31st of any year,
should prove inadequate to pay said
salaries and expenses, the Comptroller
shall prorate the deficit among those
entitled to payment, and shall issue
certificates therefor in sums not less
than ten dollars, which shall bear in
terest at the rate of four per cent.
per annum from date, and said inter-
est shall be paid annually, but the
principal of said certificates shall be
paid from the funds herein set apart
and reserved only after all the bonds
issued in payment of outstanding
warrants shall have first been re-
deemed or paid.
All disbursements from said fund
Tor stationery shall be made upon the
requisition of the officers requiring
same; said requisition to be approved
~ the mayor of the City of New Or
cans; and in all cases such dis
oursements and all salaries shall be
paid by the Treasurer of the City of
New Orleans upon warrants drawn
against said fund by the Comptroller
II said city, approved, SO far as the
Evil District Court is concerned, by
he presiding judge thereof, for the
'ffice of Recorder of Mortgages and
he Office of Register of .Conveyances,
" the Mayor of the City of New Or
cans, and for the offices of the re-
pective city courts by the Judge or
Judges thereof and for the officers of
he Court of Appeal by one of the
Judges thereof. Until the full and
lnal payment of all said bonds and
certificates hereinbefore provided for
he salaries of the employees of the
arious offices hereinafter named
hall remain as now fixed by law, and
here shall be no increase in the num-
er OF employees now authorized by
NV for the Offices of recorder of
Mortgages or register of conveyances,
Mess otherwise ordered by the Civil
district Court sitting en- banc; and
he number of employees of the Civil
district Court shall be as determined
y a majority of the judges thereof.
he Clerks of the first and second
ity courts, until the organization Of
he city courts hereinbefore provided
pr, may each appoint with the APP
roval of the judges thereof, an ad-
itional deputy clerk at fifty dollars
er month, but no other employees,
or larger salaries than those now
xed by law shall be allowed to the
ty courts. The said Board of Liqui-
alton hereinbefore named shall have
ne right to reject any and all bids
'ade for the redemption of bonds is
ned as hereinabove provided, and
aould there be no bids, or none ac-
,pted, then said Board of Liquida-
on, on the second Tuesday in Febru-
~ and August of each year. with
hatever amount has been paid to
lid board by the treasurer as herein
rovided, shall, after paying the in
rest, pay said bonds in numerical
'der. After the payment Of all Of
I'D bonds, the twenty per cent. re-
rye herein provided, and any sur
ms of the remaining eighty per
mt. shall he need lv <b< C:x-. ~