The Meridional. (Abbeville, La.) 1856-1906, 1892-01-30

! following amendment to the constitution Of
/ the state be submitted to the electors for ap-
) provaI or rejection, as provided in article
| two hundred and ftty-siX OF the constitution,
! and If adopted the said amendment shall
! read as follows: Article OIL Ievees, schools,
| charities, pensions, drainage, lotteries and
general fund. Ia aid CT the levpes, 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
ffty thousand dollars. To be fully secured
and paid as Hereinafter provided, john A.
Morris, his heirs. agents and assigns, are
hereby autbcfizpd and empowered for the
term of tweEtY-ha3 years ensuing the first
day of J JAnuary, 1S9t 10 prepsrc schemes o.
lotteries, to seu lotfery tickets and to draw
and conduct lotteries in this state. Said suGi
shall be paid TO tbc treasurer Of the state by
the persons conducting she business pursu-
ant 10 this contract III enc hundred equal in-
stalImants whereof each S3staltmeat shall be
paid on or before the frst days of January,
April. July aud October in eaoh and every
year aucing said term; and tpe treasurer
upon the receipt of each OF said lnstallments
shall apply the same as fDlioWs:
To the pubic schools OF the st lie: Three
hundred and fifty thousand dollars annually,
pavable 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 legees: Three hundred and fifty thou
sand doilags annually, payable quarterly in
advance, rs above provided, which sum
shall be distributed among tue ie7ee dis
riets Of the stale or applied TO ieyee puf-
passes in the proportions end in tue manner
provided by law FOL the distribution and ap-
pticasion Of the ona-rnill tax levied under
article 2I@ Of the constitution
To ch4.jties: One hundred End fifty thou
sand doiiars annually, payable quarterly ia
advance, as above provided, of which SUN
eighty thousand dollars shall be applied to
he hes gltals established by tie state. forty
thousand dollars to state insane aayiufns,
twen;y-Gge thousand dollars Co state iHstifu-
tions fUr the deaf, dumh ard blind and FIVE
thousand dollars 70 THE SolGisrs' Home,
tt pensions: Fifty thousand dollars annu-
ailY paFaeIe quarterly in advance, as above
provided, ia the panssoning OF disabled, ln-
GFn or iHtiigent confederate soldiers, elts-
z4us resident IN Louisiana.
To the ci,y of New Orleans, fer drainage
and other sanitary purposes: One hundred
laoasa1a Goilag7 afaua!iy, bayahle quarter y
hi Sg6a, rs f,sove provided, th5-sABent!i-
ture Of said suu., and tAa management and
control of the same 10 Predetermined by the
General Assembly, which is hereby directed
to carry iuto effect this provision by appro-
pirate legislatios.
Ts the general fund: Two hundred and
fiftv thousaud dollars annually, nayab!e
Quarterly in advance, as above provided.
Tha several suas Of money above speci
fed shali be devoted to the objects and pLF-
noses hereiubef0re sisted. and the General
Assembly il hereby directed 10 carry into
effect this provision b5 appropriate iegtssa-
lou.
Said John A. Morris, his heirs Or agents
shall within twenty days from tie date Of The
adoption of this article iiie ia the office OF
the Secretary Of Stafe written acceptance
by him or them of this contract. And fer
the protection of the state and the security
Of the public Gais contract is n ade 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
fle in the Office Of the Secretary oi State
declaration in writing. signed by him or them
aud six other persons, signifylng their con-
sent to form the corporation hereinafter
named aud the said John A. Morris Shall
file Herewith his bond with good and solvent
sureties. residents OF this state, in tue sun,
Of five million dollars. said bond to Ne Ia Ia
yer of and accepted tbv the Auditor OF the
state. Tae condition of said bond shall bef
thas the said norris his agents or asaignsf1
shall nav to the state CT Louisiana tine said
sum OF thirty-one million two hundred and
fftv thousand dollars at the date and 10 the
manner herein set ont, and snail faithfully
perform all the obligations herein contained.
and therenron the persons signing the said
declaration shall be thereby constituted 8
corporation under the name and title of
tine Louisiana Lottery Company" whereof
the capital stock shal. he five million dollars,
represented bysftty thousand shares OF one
hundred dollars each, at least tWeaty per
cent thereof to be forthwith fully paid up,
and which corporation shall be and continue
during the period 0f this contract. and shall
have all the rights and powers possessed by
corporations generally as defined by the
present civil code OF tue state, and shall be
liable fofstha moneys bafein directed 10 be
paid to the Treasurer of the state, and for
all prizes to be drawn in said lotteries, and
shall be entitled to receive seml-annually
from lhe persons conducting the business
under this contract fifty per cent. OF the net
profits of the said business.
And i'll consideration of the payment OF
said sum OF thirty-ane million two hundred
and fiftg thousand dollars In instailnents as
atoresaid, said corporation and the shares OF
stock therein aad tae business authorized
by this contract and the revenues and re-
ceipts thereof, shall bs exempt from all taxes,
fines, assessments, impositious and Licences
of auy 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 and establish
rules and bylaws fer the proper manage
nent and regulation Of It's affairs. The per-