The Meridional. (Abbeville, La.) 1856-1906, 1892-01-16

I
read as follows: Article on levees, schools
charities, pensions drainage, lotteries and
general fund. In aid of the levtes, schools
charities, pensions. drainage and genera
fund hereinafter named, the following con.
!; tract is now made: In consideration of the
sum of thirty-ole millions, two hundred and
| fifty thousand dollars, to be fully secured
and paid as hereinafter provided, John A
| Morris, his heirs, agents and assigns, arf
hereby authorized and empowered for the
| term of twenty-five years ensuing the fra
day OF January, T9l, to prep5rc schemes d
lotteries, to sell f0ttery tickets and to draw
and conduct lotteries ID this state. Said sun.
shall be paid TO the treasurer of the state by
the persons conducting the business pursu-
ant to this contract in one hundred equal 10
stallmepts, whereof each installment shall be
paid on or before the FIRST days of January,
April, July and October in each and every
year during said term; and the treasurer
upon the receipt of each of said installments
shall apply the same as follows:
To the public schools of the state: Three
hundred and fifty Thousand dollars annually.
payable quarterly in advance as above pro-
vided, which sum shall De distributed to each
parish In the proportion prescribed by
article two hundred aud twenty-four of the
constitution.
To leyees: Three hundred and fifty thou
sand dollars annually, payable quarterly in
advance, as above provided, which sum
shall be distributed among the levee dis
tricts OF the state or applied 10 ievee pur-
poses in the proportions and in the manner
provided by law for the distribution and ap-
plication of the one. mill tax levied uuder
article 213 of the constitution
To charities: One hundred and fifty thou
sand dollars annually, payable quarterly in
advance, as above provided, of which sum
eighty thousand dollars shall be applied to
the hospitals established by the state, forty
thousand dollars to state insane asylums.
twenty-five thousand dollars to state institu-
tions for the deaf, dumb and blind, and Eve
thousand dollars 10 the Soldiers Home.
Tc pensions: Fifty thousand dollars annu-
ally, payable quarterly III advance, as above
provided to the pensioDing of disabled, in
firm or INDECENT confederate soldiers, citi-
zens resident in louisiana.
To the city of New Orleans, for drainage
and other sanitary purposes: One hundred
thousand dollars. annually, payable quarter'y
in advance, as above provided, the expendl-
tare OF said SUM, ,ssnd the management and
control of The same TO bs determined by the
General Assembly, which is hereby directed
TO carry into effect this provision by appro-
pirate legislation.
t. the general fund: Two hundred and
fifty thousand dollars annually, payable
quarterly in advance, as above provided.
The several sums of money above speci,
fed shall he devoted to the objects and pIr-
poses hereinbefOre stated, and the General
Assembly is hereby directed to carry into
effect this provision by appropriate leglsla-
ton.
Said John A. Morris, his heirs or agents
shall within twenty days from the date OF the
adoption of this article file ia the Office of
the Secretary of State written acceptance
by him or them of this contract. And for
the protection of the state and the security
of the public this contract is made upon the
express condition that said john A. Morris,
his. heirs or agents shall within thirty days
from the date of the adoption of this article
file in the Office of the Secretary oil State
declaration in writing, signed by hlm or them
and six other persons slgnifylng their con-
sent to form the corporation hereinafter
named. and toe said John A. Morris shall
file Herewith his bond with good and solvent
sureties, residents Of this state, in the sum
of five million dollars, said bond to be in fa-
vor of aGd accepted by the Auditor of the
state. The condition of said bond shall be
that the said Morris, his agents or assigns,
shall pay to the state of Louisiana the said
sum Of thirty-one million two hundred and
fifty Thousand dollars at the date and in the
berein set ont and shall faithfully
perform all the obligations herein contained.
and thereupon the persons signing the said
declaration shall be thereby constituted q
under the name and title of
"Tne Louisiana Lottery Company" whereof
the capital stock shall be five million dollars,
by fifty thousand shares of one
hundred dollars each, at least twenty per
cent, thereof 10 be forthwith fully paid up,
and which corporation shall be and continue
during the period of this contract, and shall
have all the rights and powers possessed by
generally as defined by the
present civil code of the state, and shall be
Liable for the moneys herein directed 10 be
paid to the Treasurer of the state, and for
all prizes to be drawn in said lotteries, and
shall be entitled to receive semi-annualy
from the persons conducting the business
under this contract fifty per cent. OF the net
profits of the said business
And in consideration Ut the payment of
said sum OF thirty-one million two hundred
and fifty thousand dollars in instalments as
.Ofesdiu salu eOFpoldtion auu VIC onoheo VI
stock therein, aud the business authorized
by this contract and the revenues and re-
eeipts thereof, shall be exempt from all taxes,
fines, assessments. impositions and licenses
Of any kind whatever, whether state, parish,
or otherwise.
The powers of SAID corporation shall be
vested in board of directors, to consist of
seven persons, who may make and establish
rn Ias and hE la,va for the T,rnnar ,nanaun.
ment and regulation of It's affairs. The per-
sons signing said declaration shall consti-
tate the FIRST board of .directers, and shall
for the term of one year from the time
OF the filing OF said declara ion and until
4 d,,l,t