« PreviousContinue »
Table of Contents.
An act for raising the sum of £2250, etc., towards the founding of a College
An act for raising the sum of £1125, etc., towards founding a College (L.
An act for appropriating moneys raised by divers lotteries, etc. (L. 1756,
An act to amend the Charter of 1784 (L. 1785, C. 15).....
An act for the payment of certain officers of the Government, etc. (L. 1796,
An act relative to Columbia College, etc., amending L. 1814, C. 120 (L.
An act to authorize the Trustees to take and hold certain real estate (L.
Certificate of incorporation of the Alumni of the School of Mines, May 20,
AN ACT FOR RAISING THE SUM OF Two THOUSAND Two HUNDRED AND FIFTY POUNDS BY A PUBLICK LOTTERY FOR THIS COLONY FOR THE ADVANCEMENT OF LEARNING AND TOWARDS THE FOUNDING OF A COLLEGE WITHIN THE SAME.
PASSED DECEMBER 6, 1746.
Recites that “Inasmuch as it will greatly tend to the welfare and reputation of the colony that a proper and ample foundation be laid for the regular education of youth, and as so good and laudable a design must readily excite the inhabitants of this colony to become adventurers in a lottery of which the profits shall be employed for the founding of a colledge for that purpose;" and provides for erecting a lottery, appointing Peter Vallete and Peter Van Brugh Livingston as managers. The Act specifies in detail the manner in which the lottery shall be managed and impowers the Mayor, Recorder, Aldermen and Commonalty of the City of New York to inspect the same, and after authorizing the managers to retain fifteen per cent, for their fees and expenses, directs that the balance of the moneys arising from the lottery be paid “into the hands of the Treasurer, to be and remain in the Treasury, to and for the purpose of founding a colledge, for the education of youth, and to and for no other purpose whatsoever, in such manner as shall be hereafter directed by act or acts of the Governor, Council and General Assembly.” The act further provides "that the purpose of founding the said colledge may not be obstructed by