The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-10-25

said money will buy or redeem, pref
e:ence being given to holders nfferine
at the lowest rate; and all such bond.
Sd purchased or redeemed shall be by
said Board Ct Liquidation INN. liate'
~ Cancelled, and record made there
of. From the remaining eighty pei
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 oil
the said court, as above provided, to-
gether with srch authorized expenses
Of said offices as are not required to
he paid by the City of New Orleans;
and 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 o.
hereiubefore and hereinafter provid-
ed. But if said eighty per cent dur
ing the six months ending July 3lst,
or January 3lst Of any Year, should
prove inadequate TO pay said salaries
and expense. the Comptroller shall
prorate the deficit among those emit
tIel to payment, and shall issue Ger.
t;icates therefor in sums not less than
zen 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 certifcat. shall be paid from the
funds herein set apart and reserved
only after all the bonds Issued in pay
meut OF outstanding warrants shall
have first been redeemed or paid.
I'll disburse1 ,ents from said fund
for stationery shall be made upon the
rcQuisition Of the officers requiring
same; said requlsision to be approved
by the mayor OF the City Of Now Or
Scans, and in all cases such disburse-
mants and all salaries shall be p lid by
the Treasurer Of the City Of New Or
loans upon warrants drawn against
laid fund by tho Comptroller OF said
city, approved, so for as the Civil
District Court is concerned BY the
presiding judge thereof. for the Office
OF Recorder OF Mortgages and tho office
of Register OF Conveyances, by the
MAJOR OF the City Of New Orleans,
and for the Offices of the respective
city courts by the judge or judges
thereof and for tho officers Of the
Court OF Appeal by one Of the judges
thereof. Until the full and final pny-
ment of all said bonds and certificates
hereinbefore provided for the salaries
Of the employees OF the various offices
hereinafter named shall remain as
now Axel by law, and there shall be
40 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 en- banc; and the num-
Der of employees of the Civil District
Court shall be as determined by a NM
iority CT the judges thereof. The
Clerks of the first and second city courts
until the organization of the city
courts, hereinbeforo provided for, may
each appoint with the approval of tbs
ldgcs thereof, on additional deputy
clerk at fifty 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
named shall have the right
% reject any and all bids made for the
Of bouds issued as herein-
.bove provided, and should there be
10 bids, or none accepted, then said
Board Of Liquidation, on the second
tuesday il February and August of
Zach year. with whatever amount has
oeen paid to said board by the treas-
,rer as he Elm provided. shall, after
aging the interest. pay said bonds
n numerical order. After the pay.
mont of all of said bonds, the twenty
Der cent. reserve herein provided, and
NY surplus OF the remaining eighty
Ter cent, shall be used by the City
treasurer in paying the certificates
4orein provided for. if any, in the
,-der of their issue When said
udici"I expense fund bonds and CON-
y o!Ier certificates, il any Of the lot
or shall be issued, shall have been
etired and cancelled, the salaries and
.xpt nses OF the various officers effect
ii by this article and the revenue OF |
'aid officers shall be regulated and
lispos d of as may be determined by
he General Assembly. This article
hall take effect from the last day of
be current mouth in which this con
is adopted, and all amounts
rising from the i,.dic,al expense fund