The Meridional. (Abbeville, La.) 1856-1906, 1892-01-02

| IOHOR1hg amendment 10 tne constitution OF
! the state be submitted to the electors for ap.
i proVal or rejection, as provided in article
two huRdred and fifty-six OF the constitution
| and il adopted the said amendment shall
read as follows: Article on levees, schools
| charities, pensions, drainage, lotteries and
general fund In aid of the leVres, schools
charities, pensions. drainage and general
fund hereinafter named, the following con.
tract is now made: In consideration sc the
sum of thirty-one millions, two hundred aud
fifty thousand dollars, to be fully secured
and paid as hereinafter provided, John A.
Morris, his heirs, agents and assigns, are
hereby authorized and empowered for the
term of twenty-five Years ensuing the first
day OF January, 1894, to prepare schemes OF
lotteries, to sell lottery tickets and to draw
and conduct lotteries 10 this state. Said SUM
shall be paid to the treasurer OF the state by
the persons conducting the business pIlrsu-
ant to this contract in one hundred equal IN
stailments, whereof each instaltment shall be
paid on or before the ifst days of January,
April, July and October in each and every
year during eaid term; and the treasurer
upon the receipt of each Of said installnents
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-
yided, which sum shall be distributed to each
parish IN the proportion prescribed by
article two hundred and twenty-four of the
constitution.
To leyees; Three hundred and fifty thou
sand dollars annually, payable quarterly in
advance, as above provided, which sun
shall be distributed among the levee dis
triets Of the state or applied 10 levee pur-
poses in the proportions and in the manuer
provided by law ior The distribution and ap-
plication of the one.mill tax levied under
article 213 of The constitution.
To charities: One hundred and iffY thou
sand dollars annually, payable quarterly in
eighty thousand dollars shall be applied to
the hospitals established by the state. forty
thousand dollars to state insane asynms,
twenty-five Thousand dollars TO state institu-
tio1s for the deaf, dumb and blind. and five
Thousand dollars TO the sotdierN Home,
Tc pensions: Fifty thousand doilais annu.
ally, payable quarterly Ii advance, as above
provided, to the penslouiHg Of disabled, ia
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 annuatiy, payable quarter'y
in advance. as abope siFsfFi,ted theAss prfIG4-s
tlre Of said sum and the management and
Of the same to be 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
Ia advance, as above provided
The several sums af money above speci
fed shall be devoted to The objects aud pr.r.
poses hereinbefore stated, and the General |
Assembly IS hereby directed to carry into |
effect this provision By appropriate ltgsla-
Iion.
Said John A. Morris, his heirs or agents !
shall within twenty days fssss the date of the I
adoption of this articls sffe in the Office OF
he Secretary of State written acceptance
Dy him or them of this contract And for I
he protection of the state aud the security /
of the public this contract ismade upon the /
.xpress condition that said John A. Morris, I
ais heirs or agents shall within thirty days /
rom the date of the adoption OF this article |
ile in the Office of thesSeeTetary Of State n
leclaratiou in writing, signed by him or them /
md six other persOns signlfylng their con-
ent to torm the corporation hereinafter
named, and the said .Iohn A. Morris shall |
lie Herewith his bond with good and solvent |
mreties, residents Of this state, in the sum
If FIVE million dollars, said bond to be in fa-
,or Of and accepted BY the Auditor of the !
tate The condition OF said bond shall be
hat the said Morris, his agents or assigns.
hall pay to the state of Louisiana the said
nm OF thirty4one million two hundred and
itty Thousand dollars at the date and in the
nanner herein set out, and shall faithfully |
all the obligations herein contained.
md thereupon the persons signing the said
declaration shall be thersby4conslitnted
orpo ration under the name and title of
The Louisiana Lottery Company, whereof
he capital stock shalt be five million dollars
epraseated by fifty thousand shares of one
undred dollars each, at least tweaty per
pnt thereof to be torth@ith fully paid up,
nd which corporation shalt be and continue
lrinr the period of this contract, and shall
ave all the rights and powers possessed by
orporations generally as defined by the
resent civil code of the state, ami shall be
able for the moneys herein directed to be
aid 10 the Treasurer of the state, and for
Ii prizes to be drawn in said lotteries, and
hall be entitled to receive semi-annually !
rom the persons conducting the business
nder this contract Fifty per cent. of the net
rofiss Of the said business.
And in consideration Of the payment OF
aid anrn OF thirtv-one million two hundred
nd fiity thousand dollars in instanments as
toresaid said corporation aud the shares of
took therein ana the business authorized
Y this contract, and the revenues and re-
eipts thereof. shall be exempt from oil taxes,
ues, assessments. impositions and licenses
any kind whatever, whether state, parish,
or otherwise.
The powers OF sad corporation shall be
ested in q board OF directors, to consist of
even persons, who may make and establish
nles and bylaws for the proper manage
lent aud regulation OF its affairs The per-
an . eir,,j,., se;d dpnteratica shall corstf-