The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-08-30

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provided, as many of said bonds as
said money will buy or redeem, pref
erence being given to holders offering
at the lowest rate; and all such bonds
so purchased or redeemed shall be by
said Board of liquidation Immediate
~ cancelled, and record made there
Of. From the remaining eighty per
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 of
the said court, as above provided, to-
gether with such authorized expenses
of said Offices as are not required to
be paid by the City of New Orleans;
aud 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 as
hereinbefore and hereinafter provid-
ed. But if said eighty per cent dur
ing the six months ending July 3lst,
or January 31st of any year, should
provo inadequate to pay said salaries
and expenses, the Comptroller shall
prorate the deficit among those enti-
tied to payment, and shall issue GER
tificates 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, bat the principal OF
said certificates shall be 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.
All disbursements from said fund
for stationery shall be made upon the
requisition of the officers requiring
same; said requisition to be approved
by the mayor Of the City of New Or
leans, and in 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 iund 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 Conveyances, 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 Anal pay
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 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 conveyances, unless other
wise ordered by the Civil District
Court sitting On banc; and the num-
Der of employees of the Civil District
Court shall be as determined by ma
iority 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
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
inbefore named shall have the right
to reject any and all bids made for the
redemption of bonds issued as herein
above provided, and should there be
no bids, or none accepted, then said
Board of Liquidation, on the second
Tuesday in February and August of
each year, with whatever amount has
been paid to said board by the treas
urer as herein provided, shall, after
paying the interest. pay said bonds
in numerical order. After the pay
mont 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 issue. When said
Judicial expense fund bonds and CON-
pb oller certificates, if any of the lat
ter shall be issued, shall have been
retired and cancelled, the salaries and
expenses of the various officers effect
ed by this article and the revenue of
said officers shall be regulated and
disposed of as may be determined by
the General Assembly. This article
shall take effect from the last day of
the current month in which this con-
st;tntion IN adontad and all amornts