New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-23
no 25,


a Increase the Revenues of the State, and
n 10 authorize the INCORPORATION and EStab-
Iishment of the Louisiana State Lottery
Company, and to repeal certain Acts now
/ in force.
SECTION l. Be it enacted by the Senate aud
House of Representatives of the State of
#misiana, in General Assembly convened,
khst whereas many millions of do lars have
been withdrawn from and lost to THIS state
In tbe sale of Havan-, Kentucky, Madrid,
ID other lottery tickets, policies, combina-
I'M and devices, and fractional parts there
HI IL shall hereafter be unlawful to sell,
Mfer or expose for sale any Of them, cr any
ther lottery, policy or combination ticket
n tickets, devices or certificates, or tfac-
&opal paris thereof, except in such manner
Mi by such persons, their heirs, executors,
nd assigns as shall BIZ hereinafter authorized
SEC 2. Be it further enacted, etc, That the
8oloWng named persons, to wit: Robert
loomer. Jesse R. Irwin, john Considine,
#hsrles II. Murray. F. F. Wilder, G. I.
howard, Philip N. Luckett, be and they are
hereby constituted and declared corpprs-
ion for the objects aud purppse and with
Dc powers and privileges hereinafter specl-
led and set forth.
ARTICLES OF INCORPORATION.
ART. !. The name and title of this cor.
#oration shall be the Louisiana State Lot
&ery Company, and the domicile Thereof
Mhall be iu the city of New Orleans, State OF
louisiana
4 ART, 2 The objects and purposes of this
Evaporation are, first, the protection of
HE State against the great losses heretofore
Incurred by sending large amounts Of money
bother States and foreign countries for the
purchase OF lott ry tickets aud devices,
hereby impoyerishing our own people.
/ SeCoDd-Fo establish u solvent and rella-
4e home institution for the safe Of lottery
kolicy, and combiuatiun tickets, devices,
Rld certificates, fractional parts Thereof,
tterms aud prices in just proportion to the
frizes to be drawn, and to insure perfect
rness and justice in the distribution Of
Hueh prizes.
Thiid-To provide means to raise q fund
r educational and charitable purposes for
rthe cit zeDs of Louisiana
ART. 3. The capital stock Of this corpora.
Non shall be one million tt1, 900 00D dol
An, represented by ten thousand C0000)
hAres of Que hundred dollars each,
ART. 4 Sec. l, The company shall have
he right TO commence operations when one
Kindred thousand (Sl00 0O0) dollars Of the
book is subscribed and paid in.
HSEC. 2. All power of the corporation shall
keyested IN Board Vt Directors TO consist
! seven persons each of whom shall own At
! Hast ten shares Of the capita stock.
SIC. 8. The corporation shall have the
HgAt to sue aud be sued, to plead and to be
hpleaded, and to appear iii any court OF
zgtce aud to do any orher lawful act
RaCh AS any person or persons might do Tor
Aeir own defense, interest, aud safety.
SEC. 1. The President OF the Board Of
rectors shall be the proper person upon
*hom to serve citations, notices and other
#gal process wherein this corporation may
IL Interested.
ARTICLE s.. Section /. The corporation
khall pay TO the State of Louisiana
Me sum of forty thousand (S40, 000)
Collars per annum, which sum shall be pay
Die quarterly in advance from and after the
EBt day of january, 1863 to the State Au-
tor who shall deposit the same IN the
nasury of the State, aud which sum shall
ecredited to the educational fund; aud said
9poration shall be exempt from all other
i1es and licenses of any kind whatever,
heiher from State, parish, or municipal
alhorities.
SIC. 2. The corporation shall furnish
N0nds to the Auditor in the sum of fifty
onsand dollars, as security for prompt and
.unetnal payment of the sums set forth in
epreceding section.
s. Art. 6. The Board of Directors shall have
HoWer to establish as many agencies rs may
necessary, and TO appoint President,
#perintendent, Secretary, Treasurer and
@eh clerks and agents rs may be
#quired, and may remove them at pleasure
the salaries of all officers and employees
the corporation. and the amount OF the
EeuTiHeS, and shall make aud ests blish
&eh rules aud by-laws for the proper man
cement aud regulation of the affairs of the
krporation as NAV be necessary and proper.
majority of said Board shall be necessa.
to constitute quorum, MS also 10 elect
Hrem0ve any officer or employe.
kThe Board shall have power 10 ill any
heancy that may occur By death or resig-
&iion.
lair. Z. Each stakeholder at all meetings
Nr the election of directors or for other pnrs
Sses, shall be entitled directly or by proxy
cast one vote for each share Of the capital
Eock held by him; all transfers ofstock shall
made on the books Of the corporation.
Art. s. The aforesaid named persons III
kciion second Of this act shall be aud are
HAreby constituted the first Board of Direct
D., who shall at their hrst meeting appoint
&eoftheir number President, ana tue said
Oard shall serve for two years from the
1T Of January, 1869, and thereafter until
ef successors are elected and qualhed; AT
20 expiration OF which time meeting OF
e Stock holders for the election Of Board
Dhectors shall be held and day liked for
elections thereafter.
iwo.thirds vote shall be necessary to
Hnstitute an election, and if no election is
the meeting shall adjourn over for one
ar
SIC 5. Be it further enacted, that any
gson or persons selling or Offering or ca
HsiDg for sale after the thiFty.frst day
December, 1868, any lottery policy,
c0mbiaAtion tickets, devices, OF certshi
Yes, or fractional parts there cfin violation
his act. and OF the rights and priyilegss
ARin granted to this corporation hall BE-
pie 10 said corporation IN damages " n
n not exceeding FIVE Thousand nor less
sa one Thousand dollars fer each offens
&royerable by suit before any court Of eoHi-
tAAt iurisdction.
no. 4. Be it further, enacted, etc. Thai
Incorporation shall be aud continue for
during the term of twenty hve wears
8n the first day Of January, 1869 for
leh time IL shall have the sole and exeiu-
keprivilege of establishing aud Rnihdfiz-
alottery or series Of lotteries. and sell.
and disposing of lottery tickets. policy,
tnhiuation devices, and certificates and
4ctional parts thereof
sEe. g. Be 1t further enacted, etc, That
said corporation shall Also have the sole
~ and privilege, during the whOle torn
lle existence rs hereinbefore provided
t0dkspoHe of by lottery or series Of iot
81, any lands, improved or unimprgyedi
lFh said corporation may become pos
F., seu OF by purchase or utherNise
@ s Be IL farther enacted, etc That y
expiration Of this CORPORATION tbTeE
amasionerH shall b. elected by ths stock
dtFs, whose duty II shall be 10 lfQufdstl
liars on such terms aud IN such nissti.
ss shah be determined BY majority d
skholdefs voting.
ae5. Be it further enacted. etc, Tlal