The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-10-31

Louisiana Lottery Company" whe, eof the
capital stock shall be five million dollars, re.
presented by fifty thousand shares of one
hundred dollars each, at least twenty per
cent. thereof to be forth With fnlv paid up,
ana which cnrpOrarIon shall he and continue
dnr'ng the period of this contract, and shalt
nave all the rights and powers possessed by
corporations generally as defined by the pre-
sent Civil Code of the State. and sh Ill be LA
Ole Tor the moneys herein directed to be paid
to the Treasurer of the State. aud for all
prizes to be drawn in said lotteries, aud shall
nc 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 consideration of the
payment of said sum of thirty one million
two hundred and fifty thousand dollars, in
lnsfallments as aforesaid, said corSoration
ana the shares OF stock therein and the busi-
ness authorized by this contract and the rev.
enuos and reeeipts thereof shall be exempt
from all taxes. dues. assessments impostious
and licenses of any kind whate 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, ,,er management and
regulation of its affairs. The persons 81 m
ing said declaration shall constitute the first
board OF directors and shall serve for the
| term of one year from the time Of the filing
SUCCESSORS
| are duly appointed.
All lotteries other than those authorized
by this article are prohibited in this State,
dnless by similar amendment to this Consti-
tuition and for not less 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be superseded hereby.
Sec. 2. Be it further enacted. That it
shall I've the duty of the Secretary of State to
puolish the foregoing proposed amendment
| in accordance with the provisions of art Gle
two hundred and fifty-six of the Constitu-
ton. within nine y days after the first day ot
January in the year eighteen hundred and
ninety-one,
SEC. 3. Be it further enacted. That at
the next general election all electors who de
sire to vote for 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 TO
vote at said election against said amendment
shall write or print upon their ballots the
words, Against the Levess. Schools, Char-
ties. Pensions. Drainage, lotteries and Geu-
eral Fund amendment"
Sec. a. Be 1t further enacted. That all
officers charged with elections the con-
duct of the leturns thereof under the general
erection laws. shall at .he time they give no.
tice OF the said general election also give no.
tice of the election aerein ordered for the
adoption or rejection of the proposed amend
mend. and shall without other direction or
authority than isherein 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.
fSignedj 8. r. HENRY,
speaker rf the House of Representatives.
(Signed JAMES JkFFRIEs,
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
AuSust 1884,.
L. r. MASON,
Secretary of State