Misplaced Pages

#166833

38-606: The company, initially a syndicate from New York , was chartered on August 11, 1868 by the Louisiana General Assembly with a 25-year charter and in exchange gave the State $ 40,000 a year. With the passage of the charter, all other organized gambling was made illegal. This start almost immediately gave it a bad reputation as having bribed the legislators into a corrupt deal, especially at a time when other states were viewing lotteries and gambling with suspicion. It

76-573: A síndic or síndica , and together they form the Junta de Síndics (Board of Spokespersons), while in the Horta de València region (the area around the city of Valencia ), a síndic is also a member of the Water Tribunal ( Tribunal de les Aigües ), the body in charge of regulating irrigation matters. In Alguer , Sardinia , the síndic is the equivalent of mayor. A syndic

114-550: A mayor , and a government official, elected by the residents of the commune. As indicated above, in Italy and some Italian and French speaking parts of Switzerland , the term sindaco or sindaca , or syndic , is equivalent to the English term 'mayor', in this case, the head of the administration of a comune . In areas where Catalan or Occitan are spoken, the term has been used since Medieval times. At present it

152-491: A syndic de copropriété (Dutch syndicus , Portuguese síndico ) is an important figure in millions of lives, elected by owners of condominiums to represent property owners in the management of the co-owned building or property. While the profession is regulated, fees are not, and in France complaints of overcharging are frequent. The Association des responsables de copropriété (ARC) reported that fees rose by 4% in 2016, though

190-548: A bank (or credit union) syndicate, often referred to simply as a syndicate, is a group of banks (or credit unions) traditionally lending a usually large amount of money for a specific purpose and to one single borrower. Syndicated loans are loans underwritten by a bank syndicate and are more common in the US, where financial markets are in corporate ownership rather than private equity markets as in Europe or South America. Syndicates have

228-670: A court of justice, an advocate, representative) is a term applied in certain countries to an officer of government with varying powers, and secondly to a representative or delegate of a university, institution or other corporation, entrusted with special functions or powers. The meaning which underlies both applications is that of representative or delegate. Du Cange , after defining the word as defensor , patronus , advocatus , proceeds: Syndici maxime appellantur Actores universitatum, collegiorum, societatum et aliorum corporum, per quos, tanquam in republica quod communiter agi fierive oportet, agitur et fit ("Syndics are chiefly called

266-412: A group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction. It may mean an association of racketeers in organized crime. It may refer to a business concern that sells materials for publication (newspaper, radio, TV, internet) in

304-531: A lead lender that originates the loan and subordinated lenders that participate in the loan. Servicing, Collections, etc. are generally handled by the lead lender. Insurance contracts (contracts of indemnity) processed under the syndicate form of business organization date to the Hammurabi Code. The notion of insurance syndicate as a process for supplying indemnity was first codified in Lex Rhodia and

342-486: A market but usually are not direct competitors. Larger companies or corporations form syndicates to strengthen their position in the market. Internet companies and corporations, focusing on various Internet ventures, tend to form syndicates within their own group, with direct competitors involved. In such cases, they share a certain type of market, like brand management or search engine optimization . They may be syndicated nationally or internationally. A sales syndicate

380-493: A method that allows creators to raise funds for projects from many different investors through online platforms. Equity crowdfunding allows creators to issue equity to investors when they make an investment in the project. In equity crowdfunding, information asymmetry between the creator and investor may result in a variety of problems and, in some cases, market failure. A syndicate can be started by an individual, angel investor, or venture capitalist. An individual who wants to form

418-436: A number of outlets simultaneously, or a group of newspapers under one management. A syndicate, labor syndicate or worker's syndicate can also mean a trade union . This usage mirrors the common meaning of the word's etymological cousins in languages such as French and Spanish. In this sense, the term is also associated with anarchist theory, specifically anarcho-syndicalism , in which trade unions form an alternative to both

SECTION 10

#1732797430167

456-557: A shared interest. The word syndicate comes from the French word syndicat which means "administrator" or "representative" ( syndic meaning "administrator"), from the Latin word syndicus which in turn comes from the Greek word σύνδικος ( syndikos ), which means "caretaker of an issue"; compare to ombudsman or representative . The Merriam Webster Dictionary defines syndicate as

494-420: A syndicate creates an investment strategy and discloses it on a crowdfunding platform. Other investors can choose to back the individual, who is the leader. The backing investors must follow the leader's investment strategy and pay them a fee. Syndicates do not exist on all equity crowdfunding platforms. Syndic " Syndic " ( Late Latin : syndicus ; Greek : σύνδικος, sýndikos – one who helps in

532-542: Is a cartel with a joint sales agency. Such combinations were widespread before the Second World War. The organizational merger of the sales departments of the individual enterprises caused an increased dependence of the cartel member on the cartel administration. This in trend stabilized these combinations. Some headquarters and other premises of these syndicate cartels have remained up to the present via their monument status as historical buildings . In finance,

570-633: Is a full and unfettered liability for the costs and expenses for the consequences of the underwriting entered into by the syndicate. In the United States, there are four major insurance syndicates that supply indemnity through the several liabilities of their syndicate names - which are called subscribing members. These types of insurance syndicates are operated by Attorneys-in-Fact. Typically these arrangements are neither public nor regulated and as such they are hard to describe and attribute. However, thousands of such arrangements in existence around

608-438: Is a trustee, the member of the municipal council responsible for monitoring and defending municipal interests. The syndic is in charge of legally representing the city council, procuring justice and the legality of the municipal administration. The syndic is also responsible for monitoring and managing the municipal finances. They must participate collegially with the mayor and the rest of the municipal council to make decisions on

646-434: Is still used today as shipping's Law of General Average . It is canon to the operation of the insurance syndicate that the liability of the suppliers of surplus is several and not joint. This means that members or subscribers at insurance syndicates obligate themselves to a precise individual separate and several liabilities rather of a joint liability. Insurance syndicates are not "incorporated" and may not be incorporated:

684-757: Is used in a variety of cases. The speaker of Andorra's parliament is known as the Síndic General (General Syndic) or Síndic Primer (First Syndic). Until the 1993 Constitution , the First Syndic was the effective head of government of Andorra . Similarly, the Síndic d'Aran ( Aran Syndic in Occitan ) is the head of the administration of the Aran Valley in Catalonia . In Catalonia ,

722-487: The New York Times they were paid handsomely for the few days each month their services were needed. Most of the tickets were sent via special train (there was so much mail it required a special consideration) to agents in the U.S. and abroad who would sell them in their respective areas. In 1890, three years before the charter's expiration, the company bribed the legislature into passing an act to write them into

760-727: The Balearic Islands and the Valencian Community , the Síndic de Greuges or Síndica de Greuges ("advocate of grievances") is the ombudsman or ombudswoman , while the Síndic de Comptes or Síndica de Comptes is a board member of the Public Audit Office in each of the three regions. In the Valencian Parliament , the spokesperson of a parliamentary group is called

798-644: The Italian American Mafia crime families (the Five Families dominating New York City crime, namely, the Gambino crime family , Genovese crime family , Lucchese crime family , Bonanno crime family , and the Colombo crime family ). In media, syndicates are organizations by name and credit. For example, BBC Radio International is a radio syndicated business. A news ticker, residing in

SECTION 20

#1732797430167

836-569: The Louisiana's constitution (thus requiring a successful supermajority of both houses of the Louisiana State Legislature and referendum ) by offering to give the state $ 500,000 per year. While the lottery was always opposed on vice and morality grounds, the renewal of the charter and constitutional amendment began the serious, organized opposition that would kill the company. The Anti-Lottery League and its newspaper,

874-554: The " New Delta " were the main proponents of ending the drawings. The League was backed by many prominent activists of the time, such as Anthony Comstock , and by Edward Douglass White , who argued against it in the Louisiana Supreme Court . The prominent Presbyterian minister of First Presbyterian Church, Benjamin M. Palmer , delivered an anti-lottery speech on June 25, 1891 at one of the League's largest meetings at

912-619: The Grand Opera House in New Orleans. Many believed this was the final blow to the lottery. The Louisiana State Lottery became the most notorious state lottery and was known as the "Golden Octopus" as it reached into every American home using the U.S. Postal Service . In 1890 the United States Congress banned the interstate transportation of lottery tickets and lottery advertisements, which composed 90% of

950-697: The Regent House and confirmed by it); these committees are termed "syndicates" and are permanent or occasional, and the members are styled "the syndics" of the particular committee or of the institution which they administer; thus there are the syndics of the Fitzwilliam Museum , of the Cambridge University Press , of local examinations, etc. The term sindicat in Catalan is used in a broad sense to mean an association for

988-522: The US Supreme Court has held in Roby v Lloyd's that insurance syndicates have no separate existence. Today, insurance syndicates seem present in three forms: Some insurance markets such as Lloyd's of London provide insurance coverage underwritten by syndicates of investors who bear the full liability for meeting the costs of any claims. Each member of the syndicate has several liability which

1026-532: The actors of universities, colleges, societies, and other bodies, through whom, as in a republic, what must be pursued and done in common, is pursued and done"), and gives several examples from the 13th century of the use of the term. The most familiar use of syndic in the first sense is that of the Italian sindaco and the French syndic who is the head of the administration of a comune , comparable to

1064-499: The charter expired in December 1893. Backed by John A. Morris, it then moved its de jure headquarters to Honduras and illegally issued lottery tickets in the United States. In 1907 its Delaware printing press was found out by federals and shut down. Syndicate A syndicate is a self-organizing group of individuals, companies, corporations or entities formed to transact some specific business, to pursue or promote

1102-421: The company's revenue. The Supreme Court of the United States upheld this statute in 1892. In March of that year the constitutional amendment to renew the charter (which had passed the legislature, but needed voter approval) was defeated. Murphy J. Foster , an anti-lottery gubernatorial candidate, was elected, as were a majority of anti-lottery legislators. During that year all lottery operations were banned, and

1140-1047: The defence of the economic or social interests of its members, and therefore is often used generically to refer to labour organizations , as well as in the titles of certain labour organizations or federations (for instance, the Confederació Sindical de Treballadors de Catalunya, the Unió Sindical Obrera de Catalunya, the Coordinadora Obrera Sindical, etc.), student organizations ( Sindicat d'Estudiants dels Països Catalans , Sindicat d'Estudiants del País Valencià, Sindicat Democràtic d'Estudiants de la Universitat de Barcelona, etc.) and journalist organizations (Sindicat de Periodistes de Catalunya / Sindicat de Professionals de la Comunicació, etc.), among others. The members or leaders of these organisations, however, are not called síndics . In some countries, notably France, Belgium and Brazil,

1178-471: The lower third of the television screen image, usually shows syndicated news stories. Print syndication distributes news articles , columns , comic strips , and other features to newspapers , magazines and websites . They offer reprint rights and grant permissions to other parties for republishing content of which they own/represent copyrights. A group formed of several business entities, like companies or corporations , which share common interests in

Louisiana State Lottery Company - Misplaced Pages Continue

1216-481: The most important decisions are made collectively by the whole workforce. This is known as workers' self-management . Crime syndicates are formed to coordinate, promote, and engage in organized crime , running common illegal businesses on a subnational, national, or international scale. The subunit of the syndicate is a crime family or clan, organized by blood relationships, as seen in the Italian Mafia and

1254-401: The nation state and capitalist corporations. Anarchists, syndicalists, and other libertarian socialists use the word "syndicate" to refer to an enterprise managed by its workers. Such an enterprise is governed by a face-to-face meeting of everyone who works there, in which each worker has one vote. Either there are no managers, or the managers are directly elected and recallable. In either case,

1292-576: The order are owned by the Holy See itself, or the local diocese or, sometimes, by a "syndic," an independent layman who is the actual owner of the land but who loans it to the friars. Within Syndicalist and Anarcho-syndicalist organizations, a syndic is a member of an autonomous union, also called a Syndicate, which make up the basic organizational unit of society. As these models are organized along principles of non-hierarchy and direct democracy,

1330-628: The political management of the municipality. In Europe in the Middle Ages and Renaissance, nearly all companies, guilds, and the University of Paris had representative bodies the members of which were termed syndici . Similarly in England , the Regent House of the University of Cambridge , which is the legislative body, delegates certain functions to special committees of its members, appointed from time to time by Grace (a proposal offered to

1368-671: The rate of inflation was only 0.2%, and since 2014 three of the largest syndics in Paris have raised their fees by amounts ranging from 26% to 37%. One special use of the term applies to the Franciscan order of priests and brothers. The Order of Friars Minor (OFM), as opposed to the Order of Friars Minor Conventual (OFM Conv.), is forbidden by its constitutions from owning property, as part of its commitment to communal poverty. Various arrangements therefore exist whereby churches and houses of

1406-481: The world where risks are shared by affinity/governmental/industrial groups on a several liability basis. Lottery syndicates are formed to pool tickets thus increasing the chances of winning. Lottery syndicates are more common in the UK and Europe in general. They are legal in the US, but legal problems are regularly reported. Researchers argue that syndicates may reduce the potential for market failure in crowdfunding,

1444-468: Was founded by John A. Morris and Charles T. Howard , the former owning a controlling interest and the latter serving as its nominal head. Charles Howard served as the first president, having previously worked for the Alabama Lottery and Kentucky State Lottery. Former Confederate Generals P.G.T. Beauregard and Jubal Anderson Early held the drawings. They added credibility but according to

#166833