The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-10-11

!: provided, as many Of said bonds
said money will buy or redeem, pre-
erenoe being given to holders ofsrin
at the lowest rate; and all such bono
SO purchased or redeemed shall be
- - said Board Of liquidation immediat,
. ly cancelled, and record made ther
= OF. From the remaining eighty p.
cent Of said fund there shall be psi
:, monthly the current salaries and g,
penses OF the Offices from which th
same Is derived, Including the salar
OF the docket and minute clerks of tn
Court OF Appeal, as now constitute
and until the election OF the clerk c
the said court, as above provided, To
gether with such authorized expense
OF said Offices as are not required :
be paid by the City of New Orleans
aud the surplus Of said eighty pc
cent, 4 any, shall be paid by tn
Treasurer to the said Board of L,qui
dation, and shall be used to redeem
Ior pay said bonds and certificates q
hereinbefore 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
and expen'e-. the Comptroller shall
prorate the deficit among those emit
tie 1 to payment, and shall issue GER
I ticatcs 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 certificates shall be paid from the
funds herein set apart and reserved
ouly after all the bonds issued in pay
ment OF outstanding warrants shall
have first been redeemed or paid.
I'll disbursements from said fund
for stationery shall be made upon the
requ'stion of the officers requiring
same; said requisition to be approved
by the mayor OF the City of New Or
leans, ana 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 fund By the Comptroller OF said
city, approved, SO far as the Civil
District Court is concerned by the
presiding judge thereof. for the Office
bf Recorder of Mortgages and the Office
of Register Of Conveyanoes, 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 the full and final pay
ment of all said bonds and certificates
hereinbefore provided for the salaries
Of the employees Of the various Offices
named shall remain as
now Axea 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 conveyanoes, unless other
wise ordered by the Civil District
Court sitting en- bsno; and the num-
Der of employees Of the Civil District
Court shall be a. determined BY ma
ority of the judges thereof. The
,lerks OF the first and second city courts
Until the organization OF the city
courts, hereinbefore provided for, may
ZACH appoint with the approval Of tbs
Judges thereof, an additional deputy
Jerk at dfty dollars per month, but
10 other employees, nor larger SAL
ries than those now fixed BY law,
hall be allowed to the city courts. !,
he said Board Of Liquidation here !
ubefore named shall have the right I
D reject any and all bids made for tho ;
exemption Of bonds issued % herein
bove provided, and should there be
o bids, or none accepted, then said
'oard Of Liquidation, on the second q
tuesday in February and August of
ach year. with whatever amount has
cen paid to said board by the treas =
rer as he elm provided, shall, after =
aging the interest. pay said bonds =
! numerical order. After the pay. ;,
'ent Of all Of said bonds, the twenty
or cent, reserve herein provided, and ~
" surplus of the remaining eighty =
er cent. shall be used by the City :,
reasursr in paying the certificates ;
erein provided for, il any. in the .
der of their issue When said :
ldici-l expense fund bonds and com. =
oller certificates, il any of tho lat =
r. shall be issued, shall have been Il
'tired and cancelled, the salaries and
,pf nses of the various officers effect q
| by this article and the revenue OF y
id officers shall be regulated and n
spos, d of as may be determined BY q
10 General Assembly. This article p
all take effect from the last day of "
q current month in which this con. u