St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1892-01-30

, fund hereinafter named, the leDowin
: contract II now made. In eoaei6esl
, ti0n Of the sum Of thirty-ooe mill1oa
: two hundred and my Thousand dollas
to be fully secured and'paid - herein
!. after provided, John A. Morris, II
!. heirs, agents and assigns, are hefeb.
J authorized and empowered for The ten
Of twenty-five years ensuing the I'm
day of January, 1894, to prepare sche0el
Of lotteries, to sell lottery tickets and q
draw and conduct lotteries h this state.
Said sum shall be paid to the Treaeurel
! OF the State by the persons coaduetina
the business pursuant to this contract,
In one hundred equal installuenfe.
whereof each installment shall be paj6
ON or before the first days Of January.
April, July and October in each ma
every year during said tern: ara the
Treasurer upon the receipt OF each Of
said installmsnts shall apply the saue
as follows:
TO THE PUBLIC SCHOOLS OF
THE STATE-Three hundred and INV
thousand dollars annually, payable
quarterly In advance, ~ above bro.
vided, which sum shall be distributed
to each parish in the proportion pre-
scribed by article two hundred and
twensy-four Of the Constitution.
TO LEvEESLThree hundred and
fifty thousand dollars annually, payable
quarterly i'm advance, a above bro
vided, which sum shall be distributed
among the Levee Districts Of the State
or applied to levee purposes in the pro
portions and in the manner provided by
law for the Distribution and applieatjoa
Of the one mill tax levied under Article
2l3 of the Conxtituti0n.
To CHARTTIESLOne hundred and
fifty thousand dollars annually, payable
quarterly In advance, q above pr0vlded.
Of which sum eighty th0usand dollars
shall be applied to the hospitals esssb.
lished by the State; forty th0usand dol
lars to State insane asylums; twenty.
i've thousand dollars to State inssitu-
lions for the deaf, dumb and blind; I've
thousand dollars to the SOLDIER Home.
To PENSIONSNFifty thousand dol
lars annually, payable quarterly In Cd
vance, as above provided, to the psa-
siOning Of disabled, iDflrm, or indi8sst
Confederate sOldierx, citizens resident
ii Louisiana.
To THE CITY OF NEW ORLEANS.
FOR DRAINAGE AND OTHER SAM
FAIRY PURPOSES-One hundred thou
and dollars annually, payable quarter.
in advance, ~ above provided, the
expenditure Of said sum and the man
cement and the control Of the same to
e determined by the General Assembly.
rhich Is hereby directed to carry into
Meet this provision by appropriate
egislation.
TO THE GENERAL FUNDGTwo
undrcd and fifty thousand dollars e.
aally, payable quarterly in advasce, .
bOve provided.
The several sums of mOnev ahove
pecified shall be devoted to the objects
nd purposes hereinbefore stated. 6nd
le General A ssembly n hereby direct.
to carry into effect this provislon b.
Legislation.
Said John A. Norris, his heirv a.
cents, shall within twenty DAYS frun
e date of the adoption Of this aFtie3a.
e In the ONCE Of the Secretary q
ate written acceptance BY hin oe
EN- OF this contract, and for the peo.
ction Of the State and the security az
e public, this contract b made 1poa
e express condition that said John A.
orris, his heirs or agents, shall within
irty days from the adoption a thle
ticle file In the once Of the SecFetarv
Stat . . declaration In writing. simed
him or them and six other pess0Qa.
snifying their consent to form The cor.
ration hereinafter named. and The
I'd John A. Morris shall Ale herewith
bond with good and solvent sureties.
sidents OF this State, In tie sun a
e million dollars, said bond to b n
FOR OF and accepted by the Auditor
the State; the condition Of said buod
al be that the said Morris, hls aeents
sssfgns, shall pay to the Beate Ol
uistana the said sum Of thirty-oos
lion two hundred and nifty thossand
liars at the dates and I'm the manaar
rein set out, and shah faithfully per.
I'M all the obligations herein cOutain.
; and thereupOn the persOaD si9ilnR
said declaration shall be thereby
instituted corporation under the
me and title Of 1.-THE Louisiana Lot.
y Company" whereof the capital
,ck shall be i've million dollars, rec
'ented by fifty thousand shares 0f one
ndred dollars each, ct least twenty
+ cent. thereof to be forthwith fully
id up, and which corporation shall b
continue during the period Of this
ntract, and shall have all the rixhts
d powers possessed by cOrporations
nerally, as defined by the present
vii Code of the State, and shah b
BILE for the moneys herein directed to
paid to the TREASURER Of the State.
] for all prizes to be drawn In said
teries, and shall be entitled to. res'
We semi-annually from the persoas
the business under this CO...
ct fifty per cent. Of the net peo0ts q.
said business, and In considerotiea
the payment Of said sum Of thirtv.
. million two hundred and lfty thov.
I'd dollars, in installmenfs @ afOre.
d, said corporation and the shafes
stock therein and the business snth. q.
Eed by this contract and the revenues
receipts thereof, shall be exempt
m all taxes, dues, assessments, im-
itions and licenses Of any Kind what.
T, whether State, parish, municipal.
The powers Of said cor.
alton shall be vested In . hoard q
ectOrs to consist Of seven persoas.
D may make and establish rules ard
laws for the proper management and
nlatiOn Ut its aRairs. The persons
hing said declaration shah constitute
first board Of directors and shall
re for the term Of one year from the
Of the fling Of said declsratiou
until their SUCCESSORS are duly ap-
ltesl.
II lotteries other than those suthsr..
by this article arc pr0hlblte6 In
State, unless by similar smend-
. TO this COnstitution and for not