The Colfax chronicle., 1891-12-26
coLFAx, GRANT PARISH LA- SATURDAY DECEMBER s 1891

the persons signing the said declaration
s'all be thereby e0rstitded corporation
under the name and title of ssrhe Louis
lana Lottery Company" whereof the cap
ital tock shall be five million dollars,
represented by fifty thousand shares of
one hnHdred solIars each, ut least twenty
per cent. thereof to be forthwith fully paid
up, and which corporation shall be and
continue dnins the period of this con-
tract. aad Shall have all the rights and
powers possessed by corporations gener-
ally AS defined by the present ;ivil Ccde
Of the State. and shall be liable for the
moneys herein directed to be paid to the
Treasurer OF the State. and for all piizes to
be drawn in said lotteries and shall be
entitled to receive semi-annually from the
persons conducting the business under
this contract fifty per cent. OF the net
profits of the said business, and in consid-
Grafton OF the payment of said sum of
thirty-one million two hundred and fifty
Thousand dollars, ih installments AS afore-
said, said corporation and the shares of
stock therein and the business authorized
by this contract and the revenues and
receipts Thereof, siutit be exempt rom al
taxes, dues, assessments, impositions aud
licenses of any kind whatever, whether
State. parish, municipal or otherwise The
powers OF said corporation shall be vested
in boa,d of directors to consist of seven
persons. who may make and establiis:i
rules and by Jaws for the proper manage
ment aud regulation of its affairs. The
persons signing said deelarit ticn shall con-
stitute tue first board of directors and
shall serve for the tenn one year from the
time of the filing of said declaration and
until their SUCCESSORS are duly appointed
All lotteries other than those authorized
by this article are prohibited in this State
unless by similar amendment to this Con
stituuou and for not less than one million
two hundred and fifty Thousand dollars
per annnm. All provisions of the Consii-
tation and laws of TINS State inconsistent
or in any way conflicting with this article
are declared t, be superseded hereby.
SEc. Z Be it further enacted. That it
shall be the duty of the Secretary of State
to publish the foregoing in accordance
with the provisions of article two hundred
and fiiy-six OF the Constitution, within
ninety days after The first day of January
in the year eighteen hundred and ninety
one.
SEC. 5. Be j: further enacted, That ut
the next general election all electors who
desire e. vote for said amendment suail
write or print upon their ballots the
words, ''For the Levees. Schools, Charities,
Pensions. Drainage, Lotteries and General
Fund anne ndment." and All electors who
desire to vote at SAID election against said
amendment si,all write OF print upon their
ballots the words, against the Lsvees,
Schools, Charities. Pensi cs, Drainage,
Iotteries aud General Fund amendment
SEC 4 Be it further eiiacted, That all
officers charged with elections or the con-
duct of the returns thereof nLder the gen.
era1 election laws, shall at tue time they
give notice of the said general election alse
give notice If the election herein order .d
for the adoption or rejection of the pro-
posed amendment, and shall without Other
direction or authority than is herein con-
tanned 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 W ith this act.
signedj s. p. HENRY,
Speaker of the House of Representatives
lSigned1 JAMES JEFFRIES.
Lieut. Gov. and President of the Senate
Witness m signature and the seal oi
tho State of Louisiana at the city of BatOu
Rouge this 29th day of August. 1891.
r, l.. f. MASON,
t'HA"J Secretary of State