The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-11-28

captaf Iek shall be i've million delisrs. re RE
presented by fifty thousand shares of one
hundred dollars each, at least twenty per
ce' I. thereof I" he forth Aith fully l,ad up
and "i'fh corporation SHALL be and continue
| during the nerled of tins contract ANA shall
| have all the rights and powers possessed by
corporations generally defined by the pre-
sent Civil Cote of the State. and sh Ill be liza
| bic for the morevs herein directed to he paid
TO the Treasurer of the State. aud for all
prizes to be drawn in said 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 consideration of the
payment of said sum of thirty one million
| two hundred and fifty thousand dollars. in
lns'allmeuts as aforesaid, said corporation
aud the shares ot stock therein and the bust
ness author lied by this contract and the rev
enuos and receipts thereof shall be exempt
from all taxes. dues assessments. imposltions
and licenses Of any kind wlatt yer. whether
State, parish municipal or otherwise. The
rowers OF said corporation shall be vested
N board ct directors to consist of seven
persons. who may make and establish rules
ani bylaws for the pro .,er management aud
regulation OF its affairs. The perSnns 81 sn-
ing said decfration shall constitute the first
board of directors and shall serve for the
term of one year from the time of the fling
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 tn this Cunsti-
tuition and for not less than one million two
hundred and fifty thousand dollars per an
mum. A II provisions of the Constitution and
laws of this state Inconsistent or in any way
conflicting with this article are declared to
be supercedea hereby.
SEC. 2 Be it further enacted. That it
shall be the duty Of the Secretary Of state to
pnoiish the foregoing proposed amendment
i'll accordance with the provisions of ART Gle
two hundred and titty-six of the Constitn-
ton. within nine y days after the first day oi
January in the year eighteen hundred ara
ninety-one.
SEC. }. 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 'ecfors who desire 10
vote at sid election against said amendment
shall write or print npon their ballots the
words. Against the Levces Schools thari-
ties, Pensions. Drainage, Lotteries and Geu-
era Fund amendment.'
SEC. 4. BE 1t further enacted. That all
,'fiieers charged with elections or the con
duct of the letnrns thereof under he general
+" ecton laws. shall at he time they give No.
tlce OF tbe said general election also give no.
tlce of the election nerein ordered for the
adoption rejection Of the proposed amend
mend, and shall without other direction or
stut hority than is herein contained make 3ne
returns of said election in conformity with
the general election laws IN so far as they
are not inconsistent with or in conhict with
this act
Is snedl S. z. HENRY,
speaker CT the House of Representatives
(Signed JAMES JLFFRiEs.
Lieut. Governor and President of the Senate
~ Witness my signature aud the seal
LIS. of the State OF Louisiana at the city
( ~ )of Baton Rouge, This 23th day of
August 1891.
l. +. MASON,
Secretary of state