The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-12-26

capital stock shall be five million dollars, re-
presented by fifty thousand shares of one
hundred dollars each, at least twenty per
ceI.t. thereof TO be forth Aifh fully paid up
and which eorperariOu shall be and continue
during the pariod of this contract, and shall
have MI the rights and powers possessed BY
corporations generally as defined by tue pre-
sent Civil Code OF the State, and sh al be LA,
bic for the moneys herein directed to be paid
to the Treasurer of the State, aud for all
prlzes to be drawn in said lotteries aud shall
be 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 ann of thirty one million
two hundred and fifty thousand dollars, in
inst allments as aforesaid, said corporation
and the shares OF stock therein and the busi
ness ant uthoIized by this contract anti the rev.
enuas and receipts thereof. sha,l be exempt
from all taxes. dues assessments. inposltions
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 .u-
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
of said declaration and until their successors
are dulv appointed. - #tfes s@
All lotteries other than those authorized
by this article are prohibited in this State,
0nless by sin,iar amendment to this Consti-
tuition aud 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be superseded hereby. tF4 5s-s.
SEC. 3 Be it further enacted, That it
aha1l ho ha ART nf ha Snarptarv of Sfafa f0
publish the foregoing proposed amendment
in accordance with the provisions of article
two hundred anil fifty-six of the Constitu
ton. within nine Y days after the first day Of
| January in the year eighteen hundred ard
ninety-one. 5slsHas 8
the next general election all electors who de
sire to vote fer said amendment shall write
or print upon their ballots the words, "Fol
the Levees, Schools, Charities. Pensions
Drainage. Lotteries and General Fund
| amendment" and all electors who desire Il
| vote at said election against said anne dmen
shall write print upon their ballots th'
words, Against the Levees, Schools Chari
| ties, Pensions, Drainage, Lotteries and Geu
eral Fund amendment.
SEC4 Be 1t further enacted. That al
officers charged with elections or the con
| duct of the returns thereof under the genera
election laws. shall at Tho time they give no
tice of the said general election also give no
| tice of the election herein ordered for tn
adoption or rejection of the proposed amend
mend, and shall without other direction 0
minority than is herein contained make 1u
returns of said election in conformity wit
the general election laws III so far as the
are not Inconsistent with or in conflict wit
this act. # e
fSignedJ s. F. HENRY,
speaker cf the House Of Representatives
[Signed JAMES JkFFRIEs,
Lieut.. Governor and President OF the Senate
(~~) Witness my signature and the sea
LIS. ; of the State of Louisiana at the cit
{~-~~)of Baton Rouge, this 18th day q
August 1891. ~.t-s-
L. +. MASON,
=.sias Secretary Of Stat