| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
of Baltimore, and to prepare, sign and dispose of, the tickets in
said lotteries, and to employ agents, brokers and others, to sell the
same, taking always from those to whom they sell tickets, or entrust
the sale of them, adequate security for the punctual payment
of the money arising from the sale of said tickets, and that they
may allow a sum not exceeding ten per cent. discount upon the
sale of, or for selling such tickets, from the price estimated or fixed
in the scheme of said lottery; and that said commissioners, so
soon as all said tickets may have been sold, or such proportion
thereof as they may be of opinion would warrant the commencement
of drawing said lottery or lotteries, shall proceed to draw the
same as rapidly and speedily as they may judge most prudent and
advisable, and that the said commissioners thus proceed annually to
draw not more than two lotteries. |
1817.
CHAP. 154. |
17. AND BE IT ENACTED, That said commissioners
shall, so soon
as they have fixed upon the scheme of a lottery, transmit to the treasurer
of the western shore a copy of said scheme, by him to be preserved
in his office, and in the sale of all tickets shall take the notes,
bonds, bills, or other securities, in the name of the treasurer of
the
western shore, as such treasurer, and shall at the end of every month,
or as much oftener as said treasurer may require, transmit to the
said treasurer all such bonds, bills, notes and securities, which they
may take for tickets sold as aforesaid; and shall at the same time,
and in the same manner, transmit and pay over to said treasurer,
all monies which they may receive for tickets sold by them for cash,
and at the same time, and in like manner, shall also, as they receive
monies, bonds, notes, bills, or other securities, from the
agents, brokers or others, whom they may have employed to sell
tickets as aforesaid, pay over and transmit the same to the said
treasurer; and in case of neglect, omission or refusal, on the part
of said commissioners, to pay over monies as aforesaid, or to transmit
or deliver over bonds, notes, bills, or other securities as aforesaid,
or on failing, on the request of the treasurer, from time to
time as he may think proper, to account with and give statements
to him of the state, condition and disposition, of all tickets, monies,
bonds, notes, bills, or other securities, the said treasurer is
required and strictly enjoined forthwith to put the bond of said commissioners
in suit. |
Schemes to be
transmitted to treasurer,
also monies
&c. |
18. AND BE IT ENACTED, That said treasurer
shall, after the expiration
of sixty days after the conclusion of the drawing of any of
said lotteries, proceed to pay on demand to the bearer of any ticket
in said lottery, which may have drawn a prize, the amount of said
prize, deducting therefrom first such discount as may be prescribed
on prizes in the scheme of said lottery, and five per cent. in addition
as a tax thereon to the state, which go into the treasury, applicable
to the general appropriations of the legislature, for the
payment of the civil list, and the expenses of the government, and
the amount of the discount on said prizes prescribed by the scheme
of any and all of said lotteries, shall remain in the treasury to be
appropriated by the general assembly to the construction of canals
and roads, improving the navigation of the waters of the state, to
the promotion of education, literature, arts and sciences, and generally
to the endowment and encouragement of institutions which the
legislature may from time to time think to merit and deserve it. |
Treasurer to pay
prizes, &c. |
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