North Carolina - Acts on Education Topics

An Act Concerning the Fayetteville Academy.

1818 - Chapter XLIX

The Laws of the State of North Carolina 1818 - Page 41

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 Fayetteyille Academy, be, and they are hereby authrorized and permitted to raise by lottery or lotteries, the sum of ten thousand dollars, for the use and benefit of the Academy aforesaid: Provided, that the same trustees, previous to the sale of any ticket, shall file with the Governor of the State, a bond for twenty thousand dollars, conditioned for the correct and faithful conduct of the trustees in the managementof said lottery or lotteries; which bond shall be payable to the Governor and his successors, may be put in suit by any person or persons aggrieved, and shall not be void on the first recovery.

Approved: November 17, 1818

John Branch, Governor
Bartlett Yancey, Speaker of the Senate
James Iredell, Jr., Speaker of the House of Commons

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