St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1892-01-16

! fund hereinafter named, the following
| contract II now made. In cOnsidera-
i tiOn of the sum Of thiSty-one millions
two hundred and fifty thousand dollars
To he fully secured and paid ~ herein
after provided, John A. MOTIFS, MS
heirs. AGENTS and assigns, are hereby
authorized and empowered for the term
| of TWENTY-FIVE years ensuing the nrst
slsy of January, 1894, to prepare schemes
of lotteries, to sell lottery tickets and 10
draw and conduct lotteries In this Stale.
+. Said sum shall be paid to the Treasurer
| of the State by the perHOns c0nductmS
(, the business pursuant To this contract,
m one hundred equal installments.
whereof each inOeallment shall be pa1d
on or before the lrss days Of January,
Ami. Jolly anA October h each and
every wear during sold term; and the
Treasurer upou the receipt Of each OF
said installmsmts shall apply the same
TO THE PUBLIC SCHOOLS OF
THE STATE+Three hundred and nifty
thousand dollars annually, payable
ouarterly In advance, - above pro-
1i,ied. wtich,s sum shali be distributed
to each parish in the proportion pre-
scribe,l by article two hundred and
twenty-four Of the Constitution.
| To LEvEESLThree hundred AID
Aftv thousand dollars annually, payable
} Quarterly in advance, - above pro-
vitled. which sum shall be distributed
among the Levee Districts Of the State
or applied to levee purposes In the pro
pOrtiOns and i'm the manner provided by
law for the distribution and application
of the one mill tax levied under Article
2l3 of the ConstitutiOn.
tn CHARITIES-One hundred and
nfty thousand tlOllars annually, payable
quarterly In advance, . above provided.
Of which sum eighty eh0nBand dollars
shall he applied to the hosPltals estab-
lished BY the state; forty thOuoand-d dol
lars to State ipsane asylums; twenty
I'VE thousand dollars 70 State institu-
tious for the deaf, dumb and blind; five
thousand dollars to the Soldiers Home.
TO PENSIONS-Fifty thousand dol
lars annually, payable quarterly In adj
vance, rs above provided, to the PEN
sioniny of disabled, ipnrIn, or INDECENT
Confederate soldiers, citizens resident
10 THE CITY OF NEW ORLEANS,
FOR DRAINAGE AND OTHER SAM
TARY PURPOSES-One hundred thou
sand dollars annually, payable quarter
| " in advance, ~ above provided, the
expenditure Of said sum and the man.
ayement and the control Of the same to
be determined by the General Assembly,
which in hereby directed to carry into
effect this provision By appropriate
Legislation.
TO THE GENERAL FUND-Two
hundred and fifty thousand dollars an
nually, payable quarterly I'm advance, as
above provided.
The several sums Of money above
specified shall be devoted to the objects
and purposes hereinbefore stated. and
the General A ssembly In hereby direct
ed to carry into effect this prov isi0n by
appropriate legislation.
Said John 4. 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 pro-
lection of the State and the security of
the public, this contract Is made upon
the express condition that said John 4.
Morris, his heirs or agents, shall within
thirty days from the salOptiOn of this
article iile in the once Of the Secretary
Of Stat q declaration In writing, signed
by him or them and six other persons,
signlfying their consent to form the cor
pOratiOn hereinafter named, and the
said John 4. Morris shall nle Herewith
residents of this State, IN the sum of
o~S~u><4 M,
favor of and accepted by the Auditor
Of the state; the conditi0a Of said bond
shall be that the sold Morris, his agents
or sssigns, shall pay to the State of
Louisiana the said sum 0f thirty-One
million two hundred ard City thousand
dollars 1t the dates and n the manner
herein set out, and shall faithfully per-
form all the 0bll8nt,0as herein contain
ed; and thereupOn the pefv0ns signing
the said declaration shall be thereby
constituted . corporation under the
name and title Of 1.-The Louisiana Lot
terry Company" whereof the capital
stock shall be i've milli0n dollars, reg
resented by fifty Thousand shares of one
hundred dollars each, ct least twenty
per cent. thereof to he 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, n defined by the present
Civil Code Of the State, and shall be
liable for the moneys herein directed to
be paid to the Treasurer of the State,
and for all prizes to he drawn In said
lotteries, and shall be entitled to re-
ceive semi-annually from the persons
conducting the business under this con-
tract tifty per cent. Of the net PROFITS Of
the said business, and In consideration
Of the payment Of said sum Of thirty
one million two hundred and nifty thou
sand dollars, In installments - afOre-
said, said corporation and the shares
OF stock therein and the business auth
orized by this contract and the revenues
and receipts thereof, shall he exempt
from all taxes, dues, assessments, Inn
positions and licenses Of amy kind what
ever, whether State, parish, municipal
or otherwise. The powers Of said cor
pOratiOn shall he vested In . boarvl Of
directors to consist Of seven persons,
who may make and establish rules and
bylaws for the proper management and
regulation Of its Affairs. The persons
signing said declaration shall constitute
the first board Of directors and shall
serve for the term Of one year from the
time OF the fling Of said declaration
and until their successOrs are duly APP
pointed.
All lotteries other than those author
lied by this article are prohibited In
this State, unless by similar amend
ment to this Constitutions and for not
less than one million two hundred and
NIFTY Thousand dollars per annum. All
provisions Of the Constitution and laws
Of this State Inconsistent or In any way
conflicting with this article are declared
to be superseded hereby.
SEC. 2. BE 1t further enacted, That
II shall he the duty Of the Secretary of