The Meridional. (Abbeville, La.) 1856-1906, 1892-01-09

following amendment to the constitution of
the state be submitted to the electors for ap-
pro7al or rejection, as provided ia article
two hundred and ffty-six of the constitution.
and if adopted the said amendment snail
read as follows: Article on levees, schools,
charities, pensions, drainage, lotteries and
! general fund. In aid of the levees, 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 az 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, 1891. to prepare schemes of
! lotteries, to sell lottery tickets and to draw
/ and Conduct lotteries in this state. Said sun
| shall be paid to the treasurer of the state hy
| the persons conducting the business pursu-
ant to this contract in one hundred equal in
stallmehts. whereof each nstalIment 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 instalIments
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, which sun
shall be distributed among the levee dis
triets OF the state or applied TO leyee pur- /
poses in the proportions and in the manner
provided by law for the distribution and ap-
plieation pf the one-mill tax levied under
article 2f3 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 asylums. |
twenty-five thousand dollars to state Institu-
tions for the deaf, dumb aud hlind and five I
thousand dollars 10 the Soldiers Home
Tc pensions: Fifty thousand dollars annu-
ally, payable quarterly in advance, as above
provided, to the pensioning Of disabled, In
firm or INDECENT confederate soldiers, citi-
zens resident i'll Louisiana
To the city of New Orleans, for drainag re
and other sanitary gn nEppses: One hundred
ibopsana dollars ANIMAL :, rayabte quarterly
ut 4afSkEtGts xtDOkS PUIFttiStl UlF EA ESHuf-t
ture OF said sum, and the management and
control of the same to he 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 spcci
fed shall be devoted to the objects and pEr
poses hereinbeiore stated, and the General
Assembly Is hereby, directed TO carry into
effect this provision by appropriate legsla-
tion
Said John A. Morris, his heirs or agents
shall within twenty days from the date of the
adoption of this article Gle in the Office Of
the Secretary of Stale written acceptance
by him or them OF this contract. Aud 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.
bis 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 a
declaration in writing, signed by him or them
and six other persons, signifying their con-
sent to form the corporation hereinafter
named, and the said John A. Morris shall
file herewith his bond with good and solvent
Of FIVE million dollars, said bond to be in fa-
vor of and accepted by the Auditor OF the
state. The 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-one million two hundred and
fifty thousand dollars at the date and in the .
u amer herein set out, and shall faithfully ]
perform all the obligations herein contained.
ind tbereupoa the persons signing the said
declaration shah be thereby constituted q
under the name aud title of
The Louisiana Lottery Company whereof
he capital stock shall be five million dollars,
by fifty Thousand shares OF one
hundred dollars each, at least twenty per
cent. thereof to be forthwith fully paid up,
md which corporation shall be and continue
luriDg the period of this contract, aud shall
ave all the rights aud powers possessed by
generally as defined by the
,resens civil code of the state, and shall be
liable for the moneys herein directed to be
,aid to the Treasurer OF tho state, ana for !
ii prizes to be drawn in said lotteries, and
hall DE entitled to receive seui-annually
rom the persons conducting the business
lnder this contract fifty per cent. OF the net
,rofts of the said business.
And in consideration of the payment of
aid snm OF thirty-one million two hundred
md fifty thousand dollars in installments as
.foresaitt, said corporation and the shares of
tock therein. and the business authorized
" this contract, and the revenues and re-
;eipts thereof, shall be exempt from all taxes,
iues, assessments. iBlpositions and licenses
# any kind whatever, whether state, parish,
municipal or otherwise
! The powers of said corporation shall DO
rested in q board of directors, to consist Of
egen persons, who may make and establish
niles and bylaws for the proper manages
nent md regulation Of lis affairs. The per-
IONS signinn said deehration shall eonsti-