The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-11-14

Louisiana Lottery Company" whe, eof the
capital stock shall be Eve million dollars, re-
presented by fifty Thousand shares of one
hundred dollars each, at least twenty per
ce I. thereof to kc forth Auh fully paid up,
and which c"rporar,on shall ba and continue
during the period of this contract, and shalt
have all the rights and powers possessed By
corporations generally as defined by the pre-
sent Civil Code of the State. and sh Ill be liza
BILE for the moneys herein directed to be paid
to tho Treasurer Of the State, snd for all
prizes to be drawn in aaid lotteries, and shall
he entitled to receive semi annually from the
persons conducting the business under this
contract fifty per cent. Of the ret profits of
the said business. and in confederation of the
payment of said ann Of thirty one million
two hundred and fifty thousand dollars. in
inst talments aforesaid, said corporation
and the shares OF stock therein aud the busi-
ness authorized by this contract and the rev.
enucs and receipts thereof. shall be exempt
from all taxes. dues assessments. imposltions
and licenses of any kind whate yer. whether
State, parish municipal or otherwise. The
powers of said corporation shall be vested
in a board of directors to consist of seven
persons. who may make and establish rules
and bylaws for the proper management and
regulation of it's affaSrs. The persons 81 sn-
ing said declaration & all constitute the first
board of directors I'D shall serve for the
term Of one year trom the time of the filing
Of said declaration and dSantil their successors
are duly appointed.
by this article are prohibited in this State,
0nless by similar amendment to this Const-
tuition and for not lees than one million two
hundred and fifty thousand dollars per an
mum. All provisions Of the Constitution and
laws of this State inconsistent or in any way
conflicting with this article are declared to
be superseded hereby.
EvC 9 Pa furthAe auaatAd That IL
shall be the duty Of the Secretary of State to
puOlish the foregoing proposed amendment
in accordance with the provisions of article
two hundred and fifty-six Of the Constitu-
ton. within nine " days after the first day OF
January in tho year eighteen hundred and
ninefy-one.
SEC. 3. Be it further enacted. That at
the next general election oil electors who de
sire to vote fer said amendment shall write
or print upon their ballots the words. "For
tho Levees, Schools, Charities. Pensions.
Drainage. Lotteries and General Fund
and all electors who desire to
vote at said election against said amendment
shall write or print upon their ballots the
words. Against the Levees, Schools. Chari-
ties. Pensions. Drainage, Lotteries and Geu,
eral Fund amendment"
SEC. 4. Be 1t further enacted. That all
officers charged with elections or the con-
duct of the leturns thereof under the general
"toctioh iaWs. snail II no ttMr they give no
tice of The said general elertion also give no.
t,ce of the election herein ordered for the
adoption or rejection of the proposed amend
mend. and shall without other direction or
IN, hority than is herein contained mako due
returns of axid election in conformity with
the general election laws in so far as they
Irs not inconsistent With or in conflict With
Ibis act.
tSignedl 3. r. HEERr,
Speaker cf the House Of Representatives.
(SignedI JAMES JhFFRIEs,
Lieut. Governor and President of the Senate
~ Witness my signxture and the seal
LIS. Of the State of Louisiana at tho city
~ )of Baton Rouge, this 29th day of
August 1891.
LF MASON,
Secretary of state