The Meridional. (Abbeville, La.) 1856-1906, 1892-03-12

| following amendment 10 the constitution OF
! the state be submitted to the electors for APP
/ proval or rejection, as provided in article
| two hundred aud tifty-six OF the cons sitution
! and if adopted the said amendment shall
read as follows: Article OH ieyees, schools.
/ charities, pensions drainage, lotteries aud
general tund. In aid of the levpes, schools
| charititS 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
I fifty thousand dollars, to be fully secured
and paid as hereinafter provided, John A.
Morris, his heirs, agents ard assigns, are
hereby authorized aud empowered for the
! tern of twenty-five years ensuing the first
day OF January, 1884. to prepare schemes OF
lotteries, to sell lottery tickets and to draw
and conduct lotteries 10 this state. Said suht
shall be paid 10 the treasurer at the state by
the persons conducting the business pursu-
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 instailments
shall apply the same as follows:
To the public schools of the state: Three
hundred and if5y thousand dollars annually
payable q,lSrterly in advance. as above pro-
vide3, which sum snail 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
advances, as above provided, which sum
shall be distributed among the leFee dis
friets Of the state or applied TO leVee puf-
II, a -,
provided by law tor the distribution and ap-
plicatou of the oue.mill tax levied uadeT
article 213 of the constitution
To charities: One hundred and fifty thou
sand dollars annually, payable quarterly iu
ADVANCE as above provided, at which sum
eighty thousand dollars shall be applied to
the hospitals established by the state, forty
thousand dollars to state insane asylums,
twenty-five thonsand dollars tu state lnstitu-
tions for the deaf dumb and blind, and FIVE
Thousand dollars 10 the Soldiers Home.
To penslans: Fifty 'hpusand dollars annu-
ally. payable quarterly 10 advance, as above
provided, to me peDslSning of disabled, in-
firm or INDECENT confederate soldiers, citi-
zens resident in Louisiana.
To the city of New Orleans, for drainage
and other sanitary purposes: One hundred
ihousand dollars annually. payable quarterly
IN advaaca, as above provided, the expeDai-
ture OF said sum, and the management and
control of the same foshe determined by the
General Assembly which is hereby directed
70 carry into effect this provision by appro-
pr1ste legislation.
r. the general fund: Two hundred and
fifty thousand dolIars annually, payable
quarterly ia advance, as above provided.
The several Sums of money above speci
u 4 4tx xl>s .4,E 4
noses hereinbefore stated, and the General
Assembly is hereby directed TO carry into
effect this provision by appropriate leglsia-
ton.
Said John A. Morris, his heirs or agents
shall witnin twenty days from tie 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 coniracf. 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 oil State
declaration in writing. signed by him or them
and six other persons, slgniiying their con-
sent to form the corporation hereinafter
named, and the said John A. Morris shall
file Herewith his bond with good and solvent
snreties, residents of this state, in the sum
of five million dollars. said bond to be 10 fa-
yor of and accepted BY the Auditor OF the
state. The condition OF said bond shall be
that the siid Morris, his ageats or assigns,
shall tay to the state of Louisiana the said
sum OF tbirty-one million two hundred and
ffty Thousand dollars at the date and in the
manner herein set out, and shall faithfully
perform all the obligations herein contained.
All
declaration shall be thereby constituted
corporation under the nama and title Of
s,rDe Louisiana Lottery Company whereof
the capital stock shaltU i've million dollars,
represented by titly thousand shares of one
hunflred dollars each, at least twenty per
cent thereof TO be forthwith fully pasd up,
ana which corporation shall be and continue
during the period OF this contract, aud shall
have all the rights and powers possessed by
corporations generally as defined by the
present civil code Of the state, aud shall be
Liable for the moneys herein directed to be
paid 10 the Treasurer Of the state, and for
all prizes to be drawn in said lotteries, and
shall be entitled to receive semi-annually
from the peTsous conducting the business
under this contract fifty per cent. of the net
profits of the said business.
And in consideration Of the payment CT
said slim of thirty-onn million two hundred
and fifty thousand dollars in installments as
hforesaid. sail corporation aad toe shares of
stock therein, aad tae business authorized
by this contract, and the revenues and re-
ceipts thereof, shall be exempt from all taxes,
fines, assessments. impo>itions 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 aud estabfish
rules and by-sws for the proper manage
ment and regulation OF its affairs The per-
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