Do not lie Dermont, or deceive.
Your statement..

"One-third of that amount would go to dividends"

Is simply untrue. Did you  not read section 4. or you deceiving the readers?

Seaton's bill in section 4 includes the anguage The Legislature  MAY  transfer the funds, this is significant because the language was The Corporation shalltransfer.
Ask any lawmaker, Shall is a command, May is subjrct to the whim of.