The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-10-25

by them or by their authority. and
said officers shall also daily pay into
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, and
thereafter the same shall be used SOLE
~ 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 II,
shall, after paying the semi-annual in
terest on said bonds, purchase or re-
deem with such money thus set apart
as may have accumulated, and with
the surplus of the remaining eighty
per cent. as hereinafter provided, ms
many of said bonds as said money
will buy or redeem, preference being
given to holders offering at the low
est rate; and all such bonds so pur-
chased or redeemed shall be by said Z
Board of Liquidation Immediately
cancelled, and a 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-thesaid Board OF
Liquidation, 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
for stationery shall be made upon the
requisition of the officers requiring
same; said requisition to be approved
by the mayor Of the City of New Or
leans; and in all cases such dis
bursements and all salaries shall be
paid by the Treasurer Of the City of
New Orleans upon warrants drawn
against said fund by the Comptroller
of said city, approved, SO far as the
kCivil District Court is concerned, by
the presiding judge thereof, for the
office of Recorder of Mortgages and
the Office of Register of Conveyances,
by the Mayor of the City of New Or
leans, and for the Offices CT the re-
spective city courts by the Judge or
judges thereof and for the officers of
the Court of Appeal by one of the
judges thereof. Until the full and
final payment of all said bonds and
certificates hereinbefore provided for
the salaries of the employees of the
various Offices hereinafter named
shall remain as now fixed by law, and
there shall be no increase in the num-
Der of employees now authorized by
law for the Offices Of recorder of
mortgages or register of conveyances,
unless otherwise ordered by the Civil
District Court sitting en- banc; and
the number of employees of the Civil
District Court shall be as determined
by majority 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 APP
prevail of the judges thereof, an ad-
ditionai deputy clerk at fifty dollars
per month, but no other employees,
nor larger salaries than those now
fixed by law, shall be allowed to the
city courts. The said Board of Liqui-
dation hereinbefore named shall have
the right to reject any and all bids
made for the redemption of bonds is
sued as hereinabove provided, and
should there be no bids, or none ac-
ceptcd, then said Board of Liquida-
ton, on the second Tuesday in Febru-
airy and August of each year, with
whatever amount has been paid to
said board by the treasurer as herein
provided, shall, after paying the in
terest, pay said bonds in numerical
order. After the payment of all Of
said bonds, the twenty per cent. re-
serve herein provided, and any sur