Le Louisianais. [volume] (Convent, La.) 1865-1883, 1868-11-28
AN ACT
No. ISL

No. 25.l AN ACT
To Increase the Revenues Of The State, and to
authorizes the Incorporation and Establish.
mcnt of the Louisiana State Lottery Com
pany, and 10 repeal certain Acts now in
force. a5t5u
SECTION 1. Be il enacted by the Senate and
House Of Representatives Of the State of Ioni.
siana in General Assembly convened, That
whereas many millions of dollars have been
Withdrawn from and lost 10 this Stale BY tho
sale Of Havana, Kentucky, Madrid. and other
lottery tickets, policies, combinations and dc.
vices, and fractional parts thereof, it shall
he eaf,cr be unlawful 10 sell, offer or expose
for sale any Of them, Or any other lottery, ro-
LEY or combination ticket or tickets, devices
or certificates, or fractional parts thereof ex-
cept in such manner and by such persons.
their heirs, executors, aud assigns as shall be
hereinafter authorized.
SEC. 2. Be il further enacted. etc., That
the following named persons, to wit: Robert
Bloomer, Jesse r. Irwin, John Consiline,
Charles H. Murray, F. F. Wilder, C.. II.
l IlUWNtu, Iit'If. ~ IsAiCAS'1 NJ dHh 'ilEJ AiG
hereby constituted and declared a corporation
for The objects aud purposes and with the
powers and privileges hereinafter specified
and set firth.
ARTICLES OF INCORPORATION.
ARTICLE I. The name and title Of this cor
~pora,ion shall be the Louisiana Slate Lottery
Company, and the domicile thereof shall be in
the city Of New Orleans, State Of Louisiana.
Ant. 2. The objects and purposes Of this
/ corporation are, first, the protection of tile
State against the grea. losses heretofore incur
f red by sending large amounts Of money ia
other States aud foreign countries for the pnr'
f chase Of lottery tickets and devices, thereby
!, impoverist,,ng cur own people.
Second-To establish a solvent and reliable
. home instiin'ion for the sale Of lottery, policy
4 and combination tickets, devices, and certfti-
9 Gates, fractional parts thereof, at terms ant
prices in just proportion to the prizes 10 bt
drawn, and 10 insure perfect fairness and jus.
; tice in the distribution Of such prizes.
Third-To provide means 10 raise a funt
. for educational and charitable purposes 70
the citizens of Louisiana.
y ART. 8. The capital stock Of this corpora.
: ton shall be one million 1881 ,00o,0oo] dollars
q represented by ten thousand 100000 share
of ono hundred dollars each.
Arr. 4. Section !. The company shall hav
the right 10 commence operations when on
hundred thousand $500, oool dollars Of III
= stock is subscribed and paid in.
d Sec. 2. All power Of tie corporation sha
be vested in 4 Board Of Directors to consis.
: seven persons, each Of whom shall own q
least tan shares Of the capital stock.
y Sec. 3. The corporation shall have III
n right to sue and be sued, to plead and to b
implicated, and 10 appear in any court Of jus
~ ticc and 10 do any other lawful act such
9" any person or persons might DO for their ow
rs defense, interest, and safety.
Sec. 4. The President of The Board Of D
~ rec,ors shall be the proper person upon who
" 10 serve citations, notices aud other legal prt
~. cess wherein this corporation may be inteI
ested.
20. ART. 5. Section !. The corporation sla
er- pay to The State Of Louisiana. the sum Of for
Of thonsaad (s40, 00O) dollars per annum, wbis
be sum shall by payable quarterly in advan'
nd from md after the first day Of January, IS6
ne 10 the State Auditor, who shall deposit Il
", same in the Treasury Of the State, and viii,
I'D sum shall be credited 10 the educational fun
and said corporation shall be sxempt from
&c. other taxes and licenses Of any kind whatsv.
-, who,har from State. nAr;uh NJ Amnirinal :