The Meridional. (Abbeville, La.) 1856-1906, 1892-04-16

| following amendment to the constitution Of
the state be submitted to the electors for ap.
| proval or rejection, as provided in article
| two hundred and tifty-six of the constitution
and if adopted the said amendment shall
read as follows: Article OIL levees schools,
charities, pensions, drainage, lotteries and
general fund. In aid of the levaes, schools.
| charities, pensions. drainage and general
fund hereinafter named, the following con-
! tract is now made; In consideration of the
sum of thirty-one millions, two hundred and
| 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-f five years ensuing the first
day of January, 1894, to prepare schemes of
lotteries, to sell lottery tickets and to draw
and conduct lotteries in this state. Said sum
shall be paid to the treasurer of the state by
the persons conducting the business pursu-
ant to this contract in one hundred equal iu-
stallmeuts. 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 be distributed to each
parish in the proportion prescribed by
article two hundred and twenty-four of the
constitution.
TO levees: Three hundred and fifty thou
sand dollars annually, payable quarterly in
advance, as above provided, Whinh sum
shall be distributed among the levee dis
tricts of the state or applied to levee pur-
poses in the proportions and in the manner
provided by law for the distribution and ap-
plication of the one-mill tax levied under
article 21S 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 ssylums,
twenty-five thousand dollars to state institu-
tions for the deaf, dumb and blind, and five
thousand dollars to the Soldiers Home.
Tc pensions: Fifty thousand dollars anntl-
ally, payable quarterly in advance, as above
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 quarterly
in advance, as above provided, the expendi-
ture Of said sum, and the management and
control of the same to be determined by the
General Assembly, which is hereby directed
to carry into effect this provision by appro-
pirate legislation.
To 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 be devoted to the objects and pIr-
poses hereinbefore stated, and the General |
Assembly is hereby directed to carry into |
effect this provision by appropriate legisla-
ton.
Said John A. Morris, his heirs or agents
shall within twenty days from the date of the
adoption of this article file in 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
IF the public this contract is made upon the
Express condition that said John A. Morris,
lis heirs or agents shall within thirty days
rom the date OF the adoption of this article
lie in the Office of the Secretary OF State
declaration in writing, signed by HIM or them
ind six other persons, signifying their con-
ent to iorm the corporation hereinafter
lamed and the said John A. Morris shall
lie Herewith his bond with good and solvent
ureties, residents of this state, in the sum
If Eve million dollars, said bond to be il ia.
'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
um of thirty-one million two hundred and
1o1i a. fhn Iafo nj IN, %ho l
manner herein set ont, and shall faithfully
'erform all the obligations herein contained,
nd thereupon the persons signing the said
shall be thereby constituted q
orporation under the name and title of
The Louisiana Lottery Company" whereof
he capital stock shall be five million dollars,
epreseated ~ fifty thousand shares of one
undred dollars each, at least twenty per
ent thereof to be forthwith fully paid up,
nd which corporation shall be and continue
Ilring 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, and shall be
able for the moneys herein directed to be ,
aid to the Treasurer of the state, and for
II prizes to be drawn in said lotteries, and
1all ne entitled to receive semi-annually
ON the persous conducting the business
nder this contract fifty per cent. of the net
rofts of the said business.
And in consideration of the payment of |
lid sum of thirty-one million two hundred
nd fifty thousand dollars in installments as
oresaid. said corporation and the shares of
,ock therein, and the business authorized /
y this contract, and the revenues and re-
,ipts thereof, shall be exempt from all taxes,
ues, assessments, impositions and licenses
any kind whatever, whether state, parish,
unicipal or otherwise. 4
The powers of said corporation shall be
,sted in board of directors, to consist of
ven persons, who may make and establish
les and hz-laws for the nrnner lna,aoe-