North Carolina - Acts on Education Topics

An Act to Authorize the Trustees of Franklin Academy to Raise, by Way of Lottery, a Sum of Money for the Purpose of Purchasing Books for the Use of Said Academy.

1809 - Chapter LXXXIV

The Laws of North Carolina of 1809 - Page 29

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 the Franklin Academy, or a majority of them, shall be, and they are hereby authorized and empowered to raise by way of lottery, a sum or sums of money, not exceeeding five hundred dollars, for the purpose of purchasing books for the use of said Academy.

II. And be it further enacted, That John Foster, William Harrison and William Moore, Esquires, 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 shall be accountable tor 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 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, the person or persons so appointed shall not be trustees of the Academy.

III. And be it further enacted, That all prizes shall be paid within one month after the drawing is finished, upon the demand of the possessor of a fortunate ticket; 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 Raleigh Register, and a list of the fortunate numbers published, the same shall be considered as relinquished tor the benefit of said Academy. And the produce of said lottery or lotteries shall be vested in the trustees aforesaid for the purposes aforesaid.

Read three times and ratified in General Assembly,
21st December, 1809
William White, Secretary

Jos. Riddick, S.S.
T. Davis, S.H.C.



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