The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1902-09-06

Treasurer shall pay said amounts so re-
served, and also the amounts received from
the Civil Sheriff, to the Board of Liquidation
of the City Debt, until all the bonds herein
authorized have been retired or pad; ana
on the second Tuesday in February and
August OF every year, SAID Board OF -
| quidation, in accordance with rules 10 he
| adopted and made public by it. shall. after
paying the semi annual interest on said
bonds, purchase or redeem with such money
+ thus set apart may have ACCUMULATED.
and with the surplus of the remaining
| eighty per cent hereinafter provided, as
many of said bonds said money will buy
or redeem, preference being given TO holders
| offering at the lowest rate; and all such
| bonds so urchased or redeemed shall be
| by said Board of Liquidation Immediately
Cancelled, and record made thereof.
From the remaining eirhty per cent of said
fund there shall be paid monthly the cur
rent salaries and expenses 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, together with
such authorized expenses of said Offices are
not required to be paid by the City of New
Orleans: and the surplus of said eighty per
cent, if any. shall he paid ny the Treasurer
TO the said Board of Liquidation, and shall
be used to redeem or pay said bonds and
certificates a hercinbefore and hen einafter
provided. But if SAID eighty per cent dur
ing the six mont hS ending July 81, Jam
uary 81, Of any year, should prove made
quate t" pay said salaries and expenses, the
Comptroller shall prorate the deficit among
those entitled to payment, and shall issue
certificates therefor in sums not less than
ten dollars, which shall bear interert 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 re-
served only after all the bonds issued in
payment of outstanding warrants shall have
first been redeemed or paid.
All disbursements from said fund for sta
tionery shall be made upon the requisition of
the officers requiring same; said requisition
TO be approved by the mayor of the City of
New Orleans; and in all cases such disburse-
ments and all salaries shall be paid by the
Treasurer of the City of New Orleans upon
warrants drawn against said fund by the
Comptroller of said city, approved, far
the Civil District Court is concerned by the
presiding judge thereof, for the Office of Re
corder of Mortgages and the office of Regis
Ter Of Conveyances, by the Mayor of the CT
ty 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 payment of all said bonss, :
and certificates -hereinbefore provided for
the salaries of the Employees of the various
offices hereinaf after named shalfremain now
fixed hyfA~ and there shall be no increase
in the numbef of employees nov authorized
by law Tor the offIcpeof recorder of mortga-
ScS reg lister of cOnve yances, unless other
wise ordered by the Civil District Court sit
of the Civil District Court shall be deter
mined by majority of the judges thereaf-
The Clerks of the first and second city courts.
unit the organization of the city conrts here.
inbefore provided toi, may each appoint with
the approval of the judges thereof, addi-
tional deputy clerk AZ fifty dollars per month,
bu; no other employees, nor larger salaries
than those now hNed by law, shall be allow
ed to the cltv courts. The said Board of
Liz uidaton hereinbefore named shall have
the right TO reject any and all bids made for
the redemption of bonds issued hereina-
bove provided, and should there be bids,
or none accepted, then said board of Liquid
alton, on the second Tuesday in February
and August OF each year, with whatever
amount has been paid to said board by the
treasurer as herein provided, shall, after pay
ing the interest, pay said bonds in numerical
order. After the payment 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 order OF their is
sue. When said judicial expense fund bonds
ard comptroller ceriiica ties, if any of the lat
ter shall be issued, shall have been retired
and cancelled, the salaries and expenses of
the various officers effected by this article and
the revenue of said officers shall be regulated
and disposed of may be determined by the.
General Assembly. This article shall take
effect from the last day of the current month
in which this constitution is adopted, and all
amounts arising from the judicial expense
fund. which shall remain in the hands of the
State Treasurer ON that date, shall be paid
by him to the Board of Liquidation of the
City Debt, and be used by said board as part
of the funds herein above referred to-
(Signed) y. SANDERS.
Speaker of the House of Representatives.
(Sgned) ALBERT ESTOPI\AL.
i lieutenant Governor and President of the
Approved: July 10. y. d. 1902.
w. w HEARD,
Governor OF :he State of Louisiana.