The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-09-13

"AAA oN VI lCuCclu, pT6l
erence being given to holders offering
at the lowest rate; and all such bonds
SO purchased or redeemed shall be b,
said Board Of liquidation immediate
ly cancelled, and a record made there
OF. From the remaining eighty pc,
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 o.
the eaid 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 Llqui-
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 3lst of any year, should
prove inadequate TO pay said salaries
and expense. the Comptroller shall
pforate The deficit among those emit
tied to payment, and shall issue GER
t.fcates 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, but the principal of
said certificates shall! be paid from the
funds herein set apart and reserved
only after all the bonds ISIS ued in pay
ment OF outstanding warrants shall
have first been redeemed or paid.
al disburseL ,ents from said fund
for stationery shall be made upon the
reqaisi:ion of the officers requiring
same; said requisitioI to be approved
ny the mayor OF the City OF New Or
leans, and in all cases such disburse-
mAnts and all salaries shall be paid by
the Treasurer of the City Of New Or
leans upon warrants drawn against
laid 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
If Recorder of Mortgages and the Office
If Register of Conveyances, by the
Mayor OF the City of New Orleans,
md for the offices of the pective
,ity courts by the Judge or judges
hereof and for the officers of the
Court of Appeal by one of the judges
hereof. Until the full and final pay
nent of all said bonds and ertifcates
lereinbefore provided for the salaries
# the employees of the various Offices
named shall remain as
low fixed by law, and there shall be
10 increase in the number of en-
'loyees now authorized by law for
he Offices of recorder Of mortgages or
egister Of conveyances, unless other
Use ordered by the Civil District
,ourt sitting en- banc; and the num-
er of employees of the Civil District |
,ourt shall be as determined by ma
oritv Of the judges thereof The
Jerks of the first and second city courts |
ntil the organization of the city
ourts, hereinbefore provided for, may
ach appoint with the approval Of the
ldges thereof, an additional deputy
Jerk at fifty dollars per month, but
o other employees, nor larger SAL
ries than those now fixed by law,
hall be allowed to the city courts.
he said Board of Liquidation here
lbefore named shall have the right
, reject any and all bids made for the
exemption of bonds issued as herein
bove provided, and should there be
o bids, or none accepted, then said
GARD of Liquidation, on the second
tuesday in February and August Of
ach year. with whatever amount has
cen paid to said board by the treas
rer as he'ein provided, shall, after
aging the interest. pay said bonds
numerical order. After the pay
ent of all of said bonds, the twenty
Or cent. reserve herein provided, and
~ surplus of the remaining eighty
Or cent. shall be used by the City
reasursr in paying the certificates
srein provided for, if any, in the
der of their issue When said
diciel expense fund bonds and COM
oller certificates, if any of the lat
r shall be issued, shall have been
tired and cancelled, the salaries and
pe nses of the various officers effect
by this article and the revenue Of
id officers shall be regulated and
spos d of as may be determined by
o General Assembly. This article
all take effect from the last day of
g current month in which this con-
tuition is adopted, and all amounts .
ising from the judicial expense fund,