The Meridional. (Abbeville, La.) 1856-1906, 1892-02-06

/ the state be snHnaitfea 10 the electors Tor ap
j progai OF feieel3pa. as provided ID article
| two hundred aa8s3fty SIX Of the constitution
and if adopted tie said amendment saat
/ read as follows; Article Ola faveas. schools
4 charities, pens ems, dralnage, Lotteries anC
! general fund. Ia rad Of the ie7pes. schools
! charities. pensions, drainage and genera
/ fand hereinafter named, tie f0lloHing con
! tract is now made; In consideration OF tht
| sum Of thirty-one millions, two hundred anG
/ ftfy thousand dollars, to be fully secured
| and paid as hereinafter provided, John a
Norris, his heirs. agents and assigns, are
hereby altsorizel and empowered FOR tbe
terEE of gFea ty-atrs years euaaing The arsi
day at January 70 Prap8rs schemes d
l8tteiiss, 10 sell s4.52rY ticlSets and to dra1a
shall be 6aid % the freasurer of tba state BIZ
the persons conducting the business pursu-
ant 10 gdts contract 10 one hundred equal in
stalimeats, whereof each installment shall be
PAID On or before the fiFst days Of January.
year during sai5f term; ana the treasurer
upon the receipt of each Of said instaitments
shall apply the same as follows:
To the bablic schools Of the state: Three
hundred aud fifty thousand dollars annually,
payable quarterly IN advance, as above pro-
yided, which sum shall be distributed TO each
parish III the proportion prescribed by
article two hundred aud twensy-f3ur of the
constitution.
To levees: Three hundred and fifty thou-
sand dollars annually, payable quarterly in
advance, as above provided, which sum
shall be distributed among rhe leyee- dis
triets of the state or applied TO levee pur-
poses in the proportions and IN the manner
provided by law for the distribution and ap-
pliGation OF the oRe-mill tax levied under
article 213 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
dollars to state insane asylnms,
twenty-five thousand dollars 80 state institu-
tions for the deaf, dumb and blind, and five
dollars 10 the Soldiers Home.
re pensions: Fifty thousand dollars annu-
ally, payable quarterly ID advance, as above
provided, to the peusIoning of disabled, in
firm or INDECENT confederate soldiers, citi-
zens resident in Louisiana.
10 the city of New Orleans. for drainage
and other sanitary purposes: One hundred
dollars annually, payable quarterly
in advance, as above provided the exnendi-
tlre of said SUM. and the management and
control of the same 10 be fetertnned by the
General Assembly, which is hereby directed
to carry into effect this provision by appro-
pirate legislation.
To the general f1tud: 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 aud pIr-
poses hereinbefore stated, and the General
Assembly is hereby directed to carry into
effect this provision by appropriate legisla-
lion.
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
lhe Secretary of State written acceptance
by him or them of this contract. Andfor
the protection of the state aud the security
If the public this contract is made upon the
axpress condition that said John A. Morris,
lis heirs or agents shall within thirty days
rom The date Of the adoption of this article
lie in the office Of the Secretary OF State a
declaration in writing signed byhIm or them
md six other persons, sgnifying their con-
tent to form the corporation hereinafter
named, and the said .John A. Morris shall
lie Herewith his bond with good and solvent
,ureties. residents of this state, in the sum
If Eve million dollars, said bond to be in IA
7or of and accepted by the Auditor OF the
tate. The condition of said bond shall be |
hat the said Morris, his agents or assigns, |
hall paY to the state Of Louisiana the said !
;um of thirty-one million two hundred aud |
ifty Thousand dollars at the date and in the !
manner herein set out, and shall faithfully |
,erform all the obligations herein. contained |
md thereupon the persons signing the said |
declaration shall be thereby constituted u I
corporation under the name aAd title of /
TIE Louisiana Lottery Company whereof |
be capital stock shall be FIVE million dollars, I
represented by fiFty. thbtsand shares of one /
lundred dollars each, st least twenty per |
;ent thereof to be forthwith fully paid up, I
nd which corporation shall be aud continue |
Turing the period of this contract, and shall |
ave all tbe rights and powers possessed By /
generally as defined by the /
present civil code of the state, and shall be
liable for the moneys herein directed to be |
,aid 10 the Treasurer of the state, and for |
IL prizes to be drawn IN said lotteries, and /
hall be entitled to Teeeiye seuai-annually
rom the persons conducting the business
lnder this contract fifty per cent. OF thenet |
,fofts OF the said business.
And in consideration of the payment Of
aid sum Of thirty-one million two hundred /
md fifty thousand dollars in installments as
.foresait, said corporation and the shares OF |
took therein, and the business authorized |
j. this contract, and the revenues and re-
eipts thereof, shall be exempt from all taxes,
iles, assessments, impositions and licenses
i any lind whatever, whether state, parish, !
municipal or Otherwise.
The powers of said corporation shall be
-ested in q board Of directors, to consist of
even persons, who may make and establish
ules and bylaws for the proper manage
aent and regulation Of lis affairs TIE per
ons signing said declaration shall eopsti-