The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-10-18
thus set apart as may have acoutnu.


lated, and with the surplus Of the r.:
ihainitg eighty per cent as hereinafter
provided, as many Of said bonds q
said money will buy or redeem, pref
e.ence being given to holders Offering
! at thu lowest rate; and all such bonds
so purchased or redeemed shall b by
said Board Of Liquidation immediate
ly cancelled, and record made there
OF. From the remaining eighty per
cent Of said fund there shall DO paid
monthly the current salaries and e.
penses OF the offices FROM which the
same is derived, including the salary
of the docket and minute clerks OF the
Court of Appeal, ~ now constituted
! and until the election Of the clerk OF
the said court a. above provided, 70
gether with such authorized expenses
of said Offices ~ are not required n
be paid by the City Of New Orleans;
aud the surplus al said eighty per
cent, il aug; shall bs paid BY the
Treasurer to the said Board Of L,qui-
dation, aud shall be used TO redeem
or pay said bonds and certificates ~
hereiubefors and hereinafter provid-
ed. But if said eighty per cent dur
ing the Fix months ending July slst,
or January 3lst Of any year. should
prove inadequate to pay said salaries
aud expense. the Comptroller shall
prorats the deficit among those enti-
tei rs ra5m,u., aud shall Issue Ger
4hcates therefor in sums not less than
ten dollars, which shall bear interest
at the rate Of four per cent per annum
from date, and eaid interest 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 pay
meut OF outstanding warrants shalt
have first been redeemed or paid.
All dssburseL, ents from said fund
for stationery shall be made upon the
reqaisition of the officers requiring
same; said requ'sitlon to be app roved
by the mayor o. the City OF New Or
loans, anil IL all cases such disburse-
m4n.s and all salaries shall be paid by
The Treasurer Of the City Of New Or
leans upon warrants drawn against
laid fund by the Comptroller Of said
city, approved, SO far a. the OWL
| District Court is concerned by the
presiding Judge thereof. for tho Office
of Recorder Of Mortgages and tho Office
of Register Of Conveyauces, BY the
MAYOR of the City of New Orleans,
and for the Offices of the respective
city courts by the judge or judges
thereof and for the officers OF the
Court OF Appeal by one Of the judges
thereof. Until tho full and Anal pay
i ment of all said bonds and certificates
herein before provided for the. salaries
bf the employees Of the various Offices
hereinafter named shall remain as
now fixed by law, and there shall be
10 Increase in the number Of en-.
ployees now authorized by law for
the offices of recorder Of mortgages or
register of conveyances, unless other
wise ordered by the Civil District
Court sitting On banc; and tho num-
Der of employees Of the Civil District
Court shall be as determined by a ma
iority Of the judges thereof. The
clerks Of the first and second city courts
until the organization Of the city
courts, hereinbefore provided for, may
each appoint with the approval Of tbs
Judges thereof, an additional deputy
clerk at City dollars per month, but
mo other employees, nor larger SAL
aries than those now axed by law,
shall be allowed to the city courts.
Tho said Board OF Liquidation here
snbefore named shall have the right
to reject any aud all bids made for the
redemption of bonds issued o. herein
above provided, and should there be
mo bids, or none accepted, then said
board of Liquidation, on the second
Tuesday in February and August OF
each year. with whatever amount has
been paid to said board by the treas
hrer as herein provided, shall, after
paying the interest. pay said bonds
in numerical order. After the pay.
mont of all of said bonds, tho twenty
per cent, reserve herein provided, and
asy surplus of the remaining eighty
per cent. shall be used by the City
Treasurer in paying the certificates
herein provided for. il any, in the
| oder OF their issue. When said
iadici-l expense fund boNds and COM
p, ollsr certificates. il any Of the lat-
ter shall be issued, shall havs bees
retired and cancelled, the salaries and
expf nsss Of the various officers effect
ed by this article and the revenue OF
said officers shall b regulated and
dispes, d Of a. may be determined BY
IL l. u