The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-12-12

! Louisiana Lottery Company whe, enf the
| capital stock shall he five million dollars re-
presented hv fifty thnusanl shares OF one
| hundred dollars each. at least twenty per
CT !. illc'eof To he forth Nth fnliy l.inl ,lp-
and " hich corporation shall h- and continue
during the period of tins contract. and shall
| have AL the rights and powers possessed by
| corporations generally as defined hy the pre-
sent Civil CoGe of the State. AMI sh I'll be liza
! BILE for the moneys herein directed to I've paid
| to the Treasurer of the State. aid for all
prizes to be drawn in said lotteries. ard shall
| h6 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 snIn of thirty one million
two hundred and fifty thousand dolars in
lnsfallments as aforesaid, said corporation
and the shares OF stock therein and the hus
ness authorized by this contract and the rev
enucs and receipts thereof. shail be exempt
from all taxes. dues assessments. imposItious
| and licenses of any kind whatt yer. whether
State, parish municipal or otherwise. The
powers of said corporation shall be vested
in board OF directors to consist of seven
persons. who may make and establish rules
and bylaws for the pro ser management and
regulation of its affairs. The persons 81 .n
ing said declrrs ton shall constitute the first
board of directors and shall serve iur the
term of one year from the time of the filing
are dulv appointed.
All lotteries other than those authorized
by this article are prohibited in This State
anless by similar amendment ta this Consti-
tuition and for not less than 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be superseded hereby.
SEC. 2. Be it further epacted. That it
shall be the duty of the Secretary of State to
publish the foregoing proposed amendment
in accordance with the provisions of art Gle
two hundred and tifty-six Of the Constitu-
ton, within nine Y days after the first day OF
January in the year eighteen hundred ard
ninety-one.
Sec. 3. Be it further enacted. That at
the next general election all electors who de
sire to vote fer said amendment shall write
or print upon their ballots the words "For
the Levees, Schools. Charities. Pensions.
Drainage, Lotteries and General Fund
amendment and all electors who desire 10
vote at said election against said amendment
shall write or print upon their ballots the
words, Against the Levess. 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 ieturns thereof uRder the general
erection laws, shall at he time they give no.
tice of me said general ele. ton also give no.
tice of the election nerein ordered for the
adoption or rejection of the proposed amend
mend. and shall without othe' direction or
aut hority than is herein contained make due
returns Of said election in conformity with
the general election laws IN so far as they
are not inconsistent with or in conflict with
this act.
[SgnedJ s. +. HENRY,
speaker cf the House of Representatives..
(Siguedi JAMES JLFFRIEs,
Lieut. Governor and President OF the Senate.
~ Witness my signature and the seal
LIS of the State of Louisiana at the city
(~~~)of Baton Rouge, this 18th day of
August 1891.
l. +. MASON,
Secretary of state