The Meridional. (Abbeville, La.) 1856-1906, 1892-03-26

| following amendment to the constitution of
! the state be submitted to the electors for ap-
i progal or rejection, as provided in article
| two hundred aud fifty-aix Of the constitution
and if adopted the said amendment shall
read as follows: Article oA levees, schools,
I charities, pensions, drainage, lotteries and
| general fund In aid Sof the levees, schools
charities pensions, drainage and general
| fund hereinafter named, the following con-
| tract is now made: In eonsideratiog2df the
sum Of thirty-one millions, two hundred aud
| fifty thousand dollars, to be fltily secured
and paid as hereinafter provided, John A..
| Norris, his heirs agents ard assigns, are
hereby authorized and empowered Tor the
| tern of t0enty-hve Essrs ensuing the first
! day OF January, 1861 10 prepa schemes a
( lotteries, 10 sell lottery tickets and to draw
aad ceaduet lotteries in this state. Said suEl
snail be paid 10 thc treasurer of the state by
tie persons conducting the Business pItysu-
ant to this contract In one hundred equal iH-
stailmeats. whereof each tiustalimeat shall be
paid on or before the first days Of January.
April, July and October in each and every
year tiusiug said term; and the treasurer
upon the receipt Of each OF said instailments
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 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
tricts of the state or applied 10 ievee plif-
poses in the proportions and 10 the manner
provided by law for the distribution and OPP
plication of the one-mill tax levied under
article 213 of the constitution
TO charities: One hundred and City thou
sand dollars Annually, payable quarterly III
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 asylRns,
twenty-five thousand dollars to state instltu-
tions for the deaf dumb and blind, and five
thousand dollars 10 the Soldiers Home.
'Tc pensions: Fifty thousand dollars annu-
ally, payable quarterly in advance, as above
provided, to the peusloning of disabled, IN
firm or INDECENT confederate soldiers, citt-
xens resident in Laulsiana.
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-
tlre of said SUM, and the management ana
control Of the same to Be determined by the
General Assembly, which.is hereby directed
10 carry iuto effect this provision by appro-
pirate legislation.
T, the general fund: Two hnudred 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 pGr.
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 a 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 OF State
declaration in writing, signed by him or them
and six other persons, signifyiug their con-
sent to form the corporation hereinafter
named and the said Johu A. Morris shall
file Herewith his bond with good and solvent
sureties, residents of this state, in the sum
of fve million dollars, said bond to be in IA
vor Of ard accepted by the Auditor OF the
state. The coudition OF said bond shall be
that the said Morris, his agents OF 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
manner hereiu set ont, and shall faithfully
perform all the obligations herein contained.
and thereupon the persons signing the said
declaration shall be thereby constituted
Corp ton under the name and title of
sThe Louisiana Lottery Company" whereof
the capital stock shallbe five million dollars,
represented bY fifty Thousand shares OF one
hundred dollars each, at least twenty per
cent. thereof to 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
corporations generally as defined by the
presens civil code Of the state, and shall be
liable for the moaeys harein directed to be
paid 10 the Treasurer Of the state. and Tor
all prizes 60 be drawn ia said lotteries, and
shall De entitled to receive semi-annualfya
from the pefsous conducting the business
under this contract fifty per cent OF the net
profits Of the said business
And in consideration Of the payment OF
eaid sum Of tiirty-oae million two hundred
and fifty thousand dollars in inatallments as
aforesaid. said corporation and tie shares OF
stock therei1, aad the business authorized
by this contract and the revenues and re
ceipts thereof. shall be exempt from ail taxes,
fiuas, assessments. inposition5 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 estabiish
rules and bylaws for the proper manage
ment aud regulation Of its affairs. The per-
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