The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-09-06

mainil- 6 eighty per cent as hereinafter
provided, as many Of said bonds as
said money will buy or redeem, pref
ercnce being given to holders Offering
OF the lowest rate: and all such bonds
&c purchased OF 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
he 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
ior pay said bonds and certificates as
hereinbefore and hereinafter provid-
ed. But ii said eighty per cent dur
ing the Fix months ending July 3lst,
or January 3lst of any year, should
prove inadequate to pay said salaries
aud expense. the Comptroller shall
prorate the deficit among those emit
tlel to payment, aud shall issue GER
t fcntcs therefor in sums not less than
ten dollars, which shall bear interest
at the rate of four per cent per aunum
from dat, and said interest shall be
paid annually, but the principal Of
said certificate, s shall be paid from the
snnds herein set apart and reserved
only after all the bonds issued in pay
ment OF outstanding warrants shall
have first been redeemed or p.id.
al disbursaL ,ents from said fund
for stationery shall b. ma IL upon the
rcul;sition of The officers requiring
same; sud requisition to be approved
by the mayor of the City Of New Or
leans, unl i, eli cases such disburse-
msnts and all salaries shall be paid by
the Treasurer of the City of New Or
Jeans upon warrants drawn against
laid fund by the Comptroller of said
city, approved, SO far as the Civil
District Court ia concerned by the
presiding Judge thereof. for the office
of Recorder OF Mortgages and the Office
of Register of Conveyances, by the
MAYOR of tho City of New Orleans,
and for tho 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 pay
ment of all said bonds and certificates
hereinbefore provided for the salaries
bf the employees of the various Offices
hereinafter named shall remain as
how Axel by law, and there shall be
uo 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 Dis riot
Court sitting en banc; and the num-
aoer of employees of the Civil District
Court shall be as determined by a ma
joritv CT the judges thereof. The
clerks of the first and second city courts
tuutil the organization of the city
courts, hercinbefore provided for, may
zach appoint with the approval Of the
Judges thereof. on additional deputy
CLERK at fifty dollars per month, but
mo 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.
dnbefore 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
mo 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
iurer 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
auy surplus of the remaining eighty
per cent. shall be used by the City
,rreasurer in paying the certificates
herein provided for, if any, in the
oder O. their issue. When said
Judicial expense fund bonds and COM
p. oller certificates, if any Of the lot
ter shall be issued, shall have been
retired and cancelled, the salaries and
expo nses of the various officers effect
ed by this article and the revenue oil
said officers shall be regulated and
dispose 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-