The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-09-20

mainir eighty per cent as hereinafter
provided, as many of said bonds as
said money will buy or redeem, pref
efence 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
ly cancelled, and a record made there
OF. From the remaining eighty per
cent of eaid 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
be paid by the City Of New Orleans;
aud the surplus of said eighty per
cent, if any, shall be paid by the
Treasurer to the said Board Of L'qui-
dation, and shall be used to redeem
,or pay said bonds and certificates as
hereinbefore and hereinaft r provid-
ed. But if said eighty per cent dur
ing the Fix months ending JUL 3lst,
or January 3lst Of any year, should
prove inadequate 10 pay said salaries
and expense. the Comptroller shall
| p:orate the deficit among those emit
tied to payment, and shall issue GER
| t,fcates therefor in sums not less than
ten dollars, which shall bear interest
at the ratio OF four per cent per annum
from date, and said interest shall be
paid annually, but the principal OF
said certificate shall be paid from the
funds herein set apart md reserved
only after all the bonds iAsued in pay
ment of outstanding warrants shall
have first been redeemed Or paid.
IL disbursements from said fund
for stationery shall bs made upon the
requisi:ion Of the officers requiring
same; said requsi:ion to DO approved
l,y the mayor Of tho City Of New Or
leans, aud ia all cases such disburse-
msnts and all salaries shall be paid by
the Treasurer Of the City Of New Or
leans upon warrants drawn against
said iund by the Comptroller of said
city, approved, so far as the Civil
District Court ia concerned by the
presiding judge thereof. for the Office
of Recorder of Mortgages and the Office
of Register of Conveyances, by tbs
Mayor OF the City Of New Orleans,
and for the offices of the respe ctive
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
Df tho employees Of the various offices
hereinafter named shall remain as
now Axei hy law, and there shall be
ho 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 ca banc; and the num-
Der of employees of the Civil District
Court shall be as determined by ma
joritv Of the judges thereof. The
clerks of the first and second city courts
antil the organization Of the city
courts, hereinbefore provided for, may
each appoint with the approval Of the
Judges thereof, an additional deputy
clerk at City 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
dnhcfore named shall have the right
TO reject any and eli bids made for the
redemption Of bonds issued ss herein
above provided, and should there be
lao bids, or none accepted, then said
Board of Liquidation, on the second
Tuesday in February and August of
each year, with whatever amount has
oeeu paid to said board by the treas
urer as herein provided, shall, after
paying the interest. pay said bonds
in numerical order. After the pay
ment 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 the
oder of their issue When said
Judicial expense fund bonds and COM
pt oller certificates, if any Of the lat
ter shall be issued, shall have been
retired and cancelled, the salaries and
expo nses of the various officers effect
ed by this article and the revenue of
said officers shall be regulated and
dispos d Of as may be determined by
the General Assembly. This article
shall take effect from the last day of
1 L IL IL