The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-09-20

! by them or by their authority, an
said officers shall also daily pay int
! the Treasury of the City Of New Or
leans the whole amount OF fees an,
charges so collected. From tn
amounts thus paid into the Cit,
Treasury the Treasurer shall set apar
and reserve twenty per cent. out o
which shall first be paid the expenses
necessary for the preparation and ex
ecution of the aforesaid bonds, ant
thereafter the same shall be used sole
iy and exclusively to retire the bonds
issued in payment of said Judicial Elk
pense Fund warrants and interest
thereon, and the certificates of the
Comptroller hereinafter authorized;
and upon the second Tuesday in De.
cember and June of every year the
said Treasurer shall pay said amounts
so reserved, and also the amounts re-
ceived from the Civil Sheriff, to the
Board of Liquidation of the City Debt,
until all the bonds herein authorized
have been retired or paid; and on the
second Tuesday in February and Au-
gust OF every year, said Board OF
Liquidation, in accordance with rules
to be adopted and made public by it,
shall, after paying the semi-annual In
terest on said bonds, purchase or re-
deem with such money thus set apart
as may have accumulated, and with
the surplus of the remaining eighty
per cent. as hereinafter provided, as
many of said bonds as said money
will buy or redeem, preference being
given to holders offering at the low
est rate; and all such bonds so pur-
chased or redeemed shall be by said
Board of Liquidation Immediately
Cancelled, and record made thereof.
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 consti-
tuted and until the election of the
clerk OF the said court, as above pro-
vided, together with such authorized
expenses of said Offices as are not re-
quired to be 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
Liquidation. and shall be used to re-
ieem or pay said bonds and certif- |
:ates as hereinbefore and hereinafter
provided. But if said eighty per cent.
turing the six months ending July |
list, Or January 31st of any year. |
mould prove inadequate to pay said
aiaries and expenses, the Comptroller
hall prorate the deficit among those
Untitled to Payment, and shall issue
certificates therefor in sums not less
han ten dollars, which shaU bear in
crest at the rate of four per cent.
er annum from date, and said inter-
st shall be paid annually, but the
rincipal of said certificates shall be
aid from the funds herein set apart
nd reserved only after all the bonds
sued in payment of outstanding
arrants shall have first been re-
eemed or paid.
All disbursements from said fund
n stationery shall be made upon the,
'quisition of the officers requiring
me; said requisition to be approved
the mayor of the City of New Or
ans; and in all cases such dis
irsements and all salaries shall be
nd by the Treasurer of the CITY of
ew Orleans upon warrants drawn
'ainst said fund by the Comptroller
said city, approved, SO far as the
vii District Court is concerned, by
e presiding judge thereof, for the
bee OF Recorder of Mortgages and
e Office of Register of Conveyances,
The Mayor of the City of New Or
ms, and for the Offices of the re- I
ective city courts by the Judge orl
1ges thereof and for the officers of q
Court of Appeal by one of the
1ges thereof. Until the full and
al payment of all said bonds and ::
hereinbefore provided for G
salaries of the employees of the y
rious Offices hereinafter named
III remain as now fixed by law, and e
re shall be no increase in the num- =
OF employees now authorized by p
for the offices of recorder of -
rtgages or register of conveyances. y
ess otherwise ordered by the Civil
trict Court sitting en- banc: and -
number of employees of the Civil
trict Court shall be as determined
majority of the judges thereof.
Clerks of the first and second
courts, until the organization OF
city courts hereinbefore provided
may each appoint with the an
val OF the judges thereof, an adj
onal deputy clerk at fifty dollars
month, but no other employees,
larger salaries than those now
d by law, shall be allowed to the
courts. The said Board of Lioui-
ION hereinbefore named shall have
right to reject any and all bids
le for the redemption of bonds is
as hereinabove provided, and
lld there be no bids, or none ac-
ed. then said Board of Liquida- "a
on the second Tuesday in Febru- W
and August of each year. with
tever amount has been paid to
board by the treasurer as herein 4
ided, shall, after paying the in ~
st, pay said bonds in numerical WI
r. After the payment of all of =
bonds, the twenty per cent. re- vi
herein provided, and any sur -
OF the remaining eighty per "