North Carolina - Acts on Education Topics

An Act to Authorize and Empower the Trustees of Newbern Academy to Raise, by Way of Lottery, a Sum of Money for the Purpose of Building an Academy on the School-house Lot in the Town of Newbern.

1801 - Chapter LII

The Laws of North Carolina of 1801 - Page 28

Be it enacted by the General Assembly of the State of North Carolina, and it is hereby enacted by the authority of the same, That the Trustees of Newbern Academy, or a majority of them, shall be, and they are hereby authorized and empowered to raise, by way of lottery, any sum or sums of money not exceeding three thousand dollars, for the purpose of building an Academy on the school-house lots in the town of Newbern.

II. And be it further enacted, That John Devereux, John S. West, and Edward Pasteur, be, and they are hereby appointed Managers to conduct and superintend the said lottery or lotteries, under the inspection and direction of the said Trustees, or a majority of them. And the said Managers shall enter into bond and security for the due and faithful discharge of the trust reposed in them; and the said Managers shall be accountable for the prizes and profits thereof. And in case any of the Managers appointed as above shall die, or refuse to act, then and in that case, the said Trustees, or a majority of them, shall have full power and authority to fill up such vacancy or vacancies; and the person or persons so appointed by the Trustees, shall be the Manager or Managers for the purpose aforesaid. Provided always, that the person or persons appointed, shall not be Trustees of the said Academy.

III. And be it further enacted, That all prizes shall be paid one month after the drawing is finished, upon the demand of a possessor or possessors of a fortunate ticket, subject to a deduction not exceeding fifteen per cent, and all prizes not demanded in six months after the drawing is finished, of which public notice shall be given, within one week thereafter, in the Newbern Gazette, and a list of the fortunate numbers published, the same shall be considered as relinquished for the benefit of said Academy. And the produce of the said lottery or lotteries shall be vested in the Trustees aforesaid, for the purposes aforesaid.

Read three times and ratified in General Assembly,
the 19th day of December, A. D., 1801
William White, Secretary

Joseph Riddick, S.S.
Stephen Cabarrus, S.H.C.



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