The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-11-01

1 ~~SA
provided, as many Of sal bonds as
said money will buy or redeem. pref
e,erce being given to holders offering
at tbs lowest rate; aad all such bonds
| SO purchased or redeemed shall be by
eaid Board CT liquidation INN. Late
~ Cancelled, and record made there
Of. From the remaining eighty pc,
cent OF sold fund there shall be paid
monthly the current salaries and e1-
penscs OF the Offices from which tho
came 10 derived, Including the salary
OF the docket and minute clerks OF the
Coart Of Appeal, as now constituted
! and until the election of the clerk OF
the raid corrs, as abnvo provided. to-
gcther with snch authorized expenses
Of said Offices as are not required to
DO paid by tho City Of New Orleans;
and the surplus Of eaid eighty pc,
cent, if any, shalI be paid by the
Troasurcr TO tho said Board OF L,q1i-
dation, and shall DO used to redeem
or pnv said bonds aud certificates o.
heteirbcforo and hereinafter provid-
ed. But if said eighty per cont cur
| ing the Fix months onding July 3lst,
Or January 3lst Of any year, should
prove inadequate 10 pay said salaries
apl e,ponse.. the Comptroller shall
prorate the deficit among those emit
tied to payment, and shalt issue GER
| t:Gcatcs therefor in sums not less than
tcE dollars, which shall bear interest
nj the rate Of four per cent per aanum
from da:n, and said interest shall be
paid annually, but the principa! o.
said certii cat. shall be paid from the
funds herein set apart and reserved
| only after all tho bonds issrsd In pay
! mcnt OF outstanding warrants shall
have first been redeemed or paid.
I'll disburscL 'ents from said fnnd
for stationery shall bs male upon the
| reGnis;tion Of the officers requiring
same; said requisilion to be approved
hy the mayor OF the City OF New Or
seans, anil in ell cases. such dlsbarse-
ments and all salaries shall be p I'D by
the Treasurer of the CITY Of New Or
leans upon warrants drawn against
ia!i fund by tho Comptroller OF said
! city, approved, 80 fur ~ the OWL
| District Court is concerned by the
presiding judge thereof. for the office
/; o! Recorder OF Mortgages and the Office
of Register Of Conveyance,, by the
MAJOR 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 tho
Court OF Appeal by one Of the judges
thereof. Until tho full and anal pay
nent OF all SAID bonds and certificates
hereinbefore provided for the salaries
of the employees OF the various Offices
hereinafter named shall remain o.
now ixel by law, and there shall DO
no increase in the number OF en-
ployees now authorized by law for
the offices of recorder Of mortgages OF
! register Of conveyances, unless other
wise ordered by the Civil District
Court sitting en- banc; and the num-
be. Of employees OF the Civil District
Court shall be as determined by nm
jority Of the Judges thereof. The
clerks of tho arst md second city courts
until tho organization of the city
courts, herein before provided for, may
each appoint with the approval Of this
judges thereof, on additional deputy
clerk at City dollars per month, but
! no other employees, nor larger SAL
aries than those now Axed by law,
shall be allowed to the city courts.
The snid Bard OF Liquidation hero
;nbefore named shall have the right
to reject any aud all bids made for the
redemption Of bonds issued as herein
above provided, and shonld there be
! no bids, or none accepted, thon sold
Board Ut Liquidation, Oh the second
Tuesday in February and August OF
each year, with whatever amonnt has
been paid to Sail boasd by the trcas-
nrer as he ein provided, shall, after
paying the interest, pay said bonds
| in numerical order. After tho pay.
meut OF all Of said bonds, the twenty
pcr cent. reserve herein provided, and
Any surplus OF tho remaining eighty
| Per cent. shall be nsed by the City
treasurer in paying the certificates
!.eren provided for. if any, in tho
c. der OF their issue When said
| juIici"' expense fund bonds and CON-
pr ujler certificates, if any Of the lot
ter shall be issued, shall have been
retired and cancelled, the salaries and
expo Eses Of the various officers effect
ed by this article and the rovenuc Of
said officers shall be regulated and
i;-pos Of as may be determined by
The General Assembly. This article
shall take effect from the last day of
| lko .u-rcvt pyorsh II, which chi, .,oc