The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-09-27

provided, DIS many of said bonds 6
said money will buy or redeem, pre-
erence being given to holders offorin
at the lowest rate; and all such bond
SO purchased or redeemed shall be b
: said Board Of Liquidation immediate
ly cancelled. and record made there
, OF. From the remaining eighty pc
cent Of said fund there shall be pal,
monthly the current salaries and ez
penses OF the offices from which tn
same is derived, including the salar
of the docket and minute clerks of tn
Court of Appeal, as now constituted
and until the election Of the clerk o
the eaid court, as above provided, to
gether with such authorized expenses
OF said Offices as are not required Il
be paid by the City of New Orleans
aud the surplus of said eighty pei
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 al
hereinbefore 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 expenses, the Comptroller shall
prorate the deficit among those enti-
tied to payment, and shall issue cor
| ficntes therefor in sums not less than
ten dollars, which shall bear interest
at the rate OF four per cent per aunum
from date, and said interest shall be
paid annually, but the principal of
said certificates shall he paid from the
funds herein set apart and reserved
only after all the bonds issued in pay
ment OF outstanding warrants shall
have first been redeemed or paid.
Ill Disbursements from said fund
for stationery shall be made upon the
reqaisition of the officers requiring
same; said requisition to be approved
by the mayor OF the City OF Now Or
Scans, AMI il all cases such disburse-
m,nts 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
of Recorder of Mortgages and the Office
of Register OF Conveyauoes, by the
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
provided for the salaries
Of the employees of the 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 oonveyances, unless other.
wise ordered by the Civil District
Court sitting en- bano; and tho num-
Der Of employees of the Civil District
Court shall be as determined by q. ma
ority Of the judges thereof The
clerks of the first and second city courts
Until the organization of the city
courts, hereinbefore provided for, may
zach appoint with the approval of the
judges thereof, an additional deputy
'lerk at fifty dollars per month, but
10 other employees, nor larger SAL
'ries than those now fixed by law,
hall be allowed to the city courts.
The said Board of Liquidation here
nbefore named shall have the right
0 reject any and all bids made for the
exemption Of bonds issued Is herein.
bove provided, and should there be
10 bids. or none accepted, then said
'oard Of Liquidation, on the second
tuesday In February and August Of
ach year. with Whatever amount has
'een 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
lent Of all Of said bonds, the twenty
or cent, reserve herein provided, and
ny surplus of the remaining eighty
er cent. shall be used by the City
treasurer in paying the certificates
erein provided for, if any, in the
der Of their issue. When said
ldici"l expense fund bonds and COM
oller certificates, if any of the lat
sr shall be issued, shall have been
stired and cancelled, the salaries and
xpt nses Of the various officers effect
4 by this article and the revenue of
aid officers shall be regulated and |
ispos d of as may be determined by t
40 General Assembly. This article
hall take effect from the last day of {
le current month in which this con. {