The Meridional. (Abbeville, La.) 1856-1906, 1892-01-23

i proVal or rejection. as provided in article
| two hundred and ffty-six OF the constitution,
and if adopted the said amendment shall
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 cf the
sum of thirty-one millions, two hundred and
| fifty thousand dollars, tosbs 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-five years ensuing the frst
day of January, 1891, to prepare schemes Of
lotteries. to sell lottery tickets and to draw
and conduct lotteries 10 this state. Said sun
| shall be paid to thestKeasarec of the state by
the persons conducting the business pupsu-
ant to this contract in one hundred equal in-
stallments 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 aud twenty-four of the
constitution.
To leyees: Three hundred and fifty thou
sand dollars annually, payable quarterly in
advance, as above provided, which 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-
plieation of the one.mill tax levied undsr
article 213 Of the constitution.
TO charities; One hundred and fifty thou
sand dollars annually, payable quarterly 10
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 and blind, and five
Thousand dollars TO the Soldiers Home.
To PENSIONS Fifty thousand dollars annu-
ally, payable quarterly in advance, as above |
provided, to the pensioning of disabled, in-
irm or INDECENT confederate soldiers, cit |
zeps resident in Louisiana.
To the city of New Orleans, for drainage |
and other sanitary purposes: One hundred |
dollars annually. payableq quarterly I
Ia advance, as above provided, the expendl-
ture of said sum, and the management and I
GnHbE0I OF lnB salilS bO DO HEtGELuIuett py LH0 /
General Assembly, which is hereby directed |
to carry iuto effect this provision by appro-
pirate Liquidation.
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 iegisla-
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 aud 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 tae adoption of this article
file in the Office of the Secretary OF State a
ia writing, signed by him or thern
and six other PERSONS, signitying their con-
sent to form the corporation hereinafter
named, aud the said John A. Morris shall
fle Herewith his boro with good and solvent
sure5ies, re4i1ents of this state, in the sum
Of i've million dollar3, said bond to be in ia
!
state. The condition OF said bond shall be
hat the said Morris, his agents or assigns,
,hall nay to the state of Louisiana the said
sum of thicty-one million TWO hundred and
iftv Thousand dollais at the dats end in The
naBner herein set out, end shall faithfully
perform all tie obliga ious belein contained.
ind thereupon the persons signing the said
lee aiation shall be thereby cons itnted a
,orpaS rtion under the meme and title of
Toe Louisiana Lo1tely = Company, whereof
be capital stock shalt be five mjllion dollars,
represented by fi4ty Asnusand shatfs of one
luadred dollars each, ct Least twenty per
,ent thereof to be forthwith folly paid up
md which corpolation shall be and continue
turing the period OF This contract, end shall
laVe all the rights and powers possessed by
corporations generally as defined by the
present. civil code of the stat', and shall be
liable r the mopeys herein directed 10 be
,aid TO the i easGrer OF the state, and tor
ii prizes to De drawn In said lotteries, and
hall be entitled to receive eeni-anDnally
rom the persons conducting he business
Inder this contract ffly per cent of the net
rofits of the said business.
And in consideration of the payment of
aid sum of thirty-one million two hundred
nd e ty thousand dollars In instatlnents as
foresaiu. said corporation aud the shares of
took therein, and the business authorized +
" this contract, aud the revenues and re-
eipts thereof, shall be exempt from oil taxes,
iues, assessments, impositions and licenses
# any kind whatever, whether state, parish,
nunlcipal or otherwise.
The powers of said corporation shall be
ested in board of directors, to consist of
even persons, who may make and establish
ules and bylaws for the proper manage
nent and regulation of It's affairs. The per-
ons signing said declaration shall consti-
ute the first board of directors, and shall