The St. Mary banner., 1902-10-04


provided, as many of said bonds 90
said money will buy or redeem, pref
erence being given to holders offering
at the lowest rate; and all such bonds
so purchased or redeemed shall be by
said Board Of Liquidation Immediate
" Cancelled, and q record made there
of. 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 constituted
and until the election of the clerk OF
the said court, as above provided, to-
gether with such authorized expenses
Of said offices as are not required to
'bo paid by the City of New Orleans;
aud the surplus Of said eighty per
.oen., if any, shall be paid by the
Treasurer to the said Board Of L'qui-
dation, and shall be used to redeem
Ior pay said bonds and certificates as
hereinbefore and hereinafter provid-
ed. But If said eighty per cent dur
ing the lix months ending July 3lst.
or January 31st Of any year. should
prove inadequate to pay said salaries
and expenses, the Comptroller shall
prorate the deficit among those enti-
tlel to payment, aud shall issue GER
t ficates therefor in sums not less than
ten dollars, which shall bear interest
at the rate Of four per cent per annum
from date, and said interest shall be
paid annually, but the principal OF
said certificatts s shall be paid from the
funds herein set apart and reserved
only after all the bonds iss ued in pay
raent OF outstanding warrants shall
have first been redeemed or paid.
III disburseL, ,ents from said fund
for stationery shall be made upon the
reqaisition of the officers requiring
same; said requisition to be app roved
ay the mayor OF the City OF New Or
leans, and in oil cases such disburse-
neu.s AMI ali salaries shall be paid by
the Treasurer of the City of New Or
leans upon warrants drawn against
,aid iund by the Comptroller of said
city, approved, SO far as the OWL
District Court il concerned by the
presiding judge thereof. for the Office
of Recorder of Mortgages and the Office
of Register OF Conveyauces, by the
Mayor Of the City Of New Orleans,
aud 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 the full and final pay
ment of all said bonds and certificates
hereinbefore provided for the salaries
of the employees Of tho various offices
hereinafter named shall remain as
now Axed by law, and there shall be
no increase in the number OF en-
ployees now authorized by law for
the Offices Of recorder Of mortgages or
register Of conveysnoes, unless other
wise ordered by tho Civil District
Court sitting On bano; and the num-
ber of employees Of the Civil district
Court ehall be as determined by Q ma.
iority Of the judges thereof. The
clerks Of the FIRST and second city courts
until the organization OF the city
courts, herein nbefore provided for, may
each appoint with the approval OF the
Judges thereof, an additional deputy
clerk at dfty dollars per month. but
no other employees, nor larger SAL
aries than those now fixed by law,
shall be allowed to the city courts.
THE said Board of Liquidation here.
dnbefore named shall have the right
to reject any and all bids made for the
redemption of bonds issued as 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
urer as he Elm provided, shall, afte,
paying the interest. pay said bonds
in numerical order. After the pay
mont of all of said bonds, the twenty
per cent, reserve herein provided, and
any surplus of the remaining eighty
per cent. shall be used by the City
Treasurer in paying the certificates
herein provided for. if any, in th'
oder OF their issue. When sale
judiciel expense fund bonds and com
D, uller certificates, if any of the lat
ter shall be issued, shall have beer
retired and cancelled, the salaries ant
expe nses of the various officers effect
ed by this article and the revenue o
sajd officers shall be regulated ant
dispos, d Of as may be determined b!
the General Assembly. This article
shall take effect from the last day o
the current month in which this con
| ..;tut;or 10 adonted md all amor nj