The Meridional. (Abbeville, La.) 1856-1906, 1892-02-13

I0ii0Wlng ame0ninenL 10 tue Co@SGiG0CtO0 0l
the state be aubmited to the electors for ap.
i proval or rejection, as provided in article
two hundred and titty-six of the conc es.tution
aud it adopted the said amendment shall
read a. follows: Article on leyees, schools
charities, pensions drainage, lotteries and
general fund. La aid of the levres, schools
charities pensions. drainage and general
fund hereinafter named, the following con-
tract is now made: In consideration of the
sum of ihirty-one millions, two hundred aud
fitiy thousand dollars, to be fully secured
and paid MS hereinafter provided, John A.
Morris, his heirs. agents aud assigns, are
hereby authorized and empowered for the
term of twenty-five years ensuing The first
day of January, 1891, to preparc schemes OF
lotLeriee,. to self lottery tickets and to draw,
and conduct lottsrlesin this state, Said sun.
shall be paid TO the treasurer of the state by
the persons conducting the business piIrsil-
ant to this contract in one hundred equal iu-
stallments, whereof each instalment shall be
paid ou or before the first days of january,
Aptil, July and October in each aud every
year during said term; and the treasurer
upon the receipt of each of said installments
shall apply the same rs follows:
Eo 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-fuur of the
constitution.
TO levees: Three hundred and fifty thou
sand dollars annually, payable quarterly in
adsaucn, as above provided, which sum
shall be distributed among the levee dis
iricts of the state or applied to levee pur-
poses in the proportions and iu the manBer
provided by law for the distribution and ap-
plication of The one.mill tax levied uhdeT
article 213 Of the constitution
To charities: One hundred and fifty thou
sand dollars annually, payable quarterly iu
advance, as above provided, of which sum
eighty thousand dollars shall be applied to
the hospitals established by the state. fcrty
thousand dollars to state insane esyiums.
twpniy-tive thousand dollars tp state Insti,u-
tions tor the deaf, dumb and blind and five
thousand dollars TO the Soldiers Home.
Tc pensions: Fifty thousand dollars annu-
ally. payable quarterly III advance, as above
provided, to the pensloning of disabled, in
firm or INDECENT confederate soldiers, cits-
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 expend-
turn of said sum, and the management and
centrol of ihe same to b5 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 d,llsrs annually, payable
qnarterly in advance, as above provided.
The several sums of money above speci
fled shall he devoted to the objrcts and pI.
poses hereinbelore stated, and the General
Assembly Is hereby directed to carry into
Effect this provision By appropriate legisla-
lion.
S ,id John A. Morris, bis heirs or agents
shall within twenty days from the date of the
adoption OF this article file in the office Of
the Secretary of Stale written acceptance
hy 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 th.. date Of the adoption of this article
file in the Office of the Secretary oil State
declaration In writing, signed by him or them
and six other persons, signifyiDg their con-
sent to form the corporation hereinafter
named, aud the said John A. Morris shall
file Herewith his bond with good and solvent
snreties. residents of this state, IN the sum
of Eve million dollars, said bond to be in IA
vor of ard accepted By the Auditor OF the
state Tne 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-ons million two hundred and
fifty thousand dollars at the date and in The
manner berpin set ont, and shall faithfully
perform all the obligations herein contained.
and thereupon the persons signing the said
declaration shall be thereby constituted
corporation under the name and title of
The Louisiana Lottery Company" whereof
the capital stock shah be 1--WE million dollars,
represented by fitiy thousand shares OF one
hundred dollars each, at least twenty per
cent thereof TO be forthwith fully paid up,
and which corporation shall be aud continue
during the period of this contract, aud shalt
have all the rights and powers possessed by
CORPORATIONS generally as defined by the
presens civil code OF the state, and shall be
liable for the moneys berein directed to be
paid 10 the Treasurer of the state, aud for
all prizes to hs drawn in said lotteries. and
shall be entitled TO receive semi-annually
from The persons conducting the business
under this contract fifty per cent. OF the net
profits OF th1 said business.
Aud in consideration of the payment OF
said sum of thirty-one million two hundred
aud fifty thousand dollars III installments as
atoresaid said corporation and the shares Of
stock therein, aud the business authorized
by this contract. aud the revenues and re-
ceipts thereof, shall be exempt from oil taxes,
finsa, assessments, impd ions and licenses
of any kind whatever, whether state, parish,
municipal or otherwise
The powers of said corporation shall be
vested in board of directors to consist of
seven persons, who may make and establish
rules and bylaws for the proper manage
ment and regulation Of It's aifsifs. The per-