North Carolina - Acts on Education Topics

An Act to Authorize a Lottery for the Benefit of Farmwell Grove Academy in the County of Halifax.

1820 - Chapter 63

The Laws of the State of North Carolina 1820 - Page 53.

1. 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 Farmwell Grove Academy shall have full power and authority to raise by way of lottery or lotteries, a sum not exceeding fifteen hundred dollars, to be applied to the use of said Academy in the purchase of a Library, Globes, apparatus, or to such other objects as may be conducive to its interests.

2. Be it further enacted, That the said Trustees or a majority of them at their first meeting, after the passing of this Act, shall have the power and authority to select five members of their body as managers to draft a scheme of said lottery or lotteries, and to conduct and superintend the drawing of the same, in such manner and at such times and places as they may judge proper.

3. And be it further enacted, That the said five managers, previous to entering on the duties of their appointment, shall give bond and security in the sum ol twenty thousand dollars, to the chairman of the county court of Halifax, and his successors in office, for their faithful performance of the same.

4. Be it further enacted, That the said managers shall punctually pay over, out of the monies arising from the sale of tickets in said lottery or lotteries, to the fortunate adventurers in the same, such prize or prizes as may be drawn to their respective tickets, within sixty days after the drawing is completed; or in case the said lottery is not drawn within one year from the passing of this Act, the said managers shall refund to the purchasers of tickets such sum or sums of monies as they may have respectively paid for the same, if they shall demand it.

Approved: December 24, 1820

Jesse Franklin, Governor
Bartlett Yancey, Speaker of the Senate
Romulus M. Saunders, Speaker of the House of Commons

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