The Meridional. (Abbeville, La.) 1856-1906, 1891-12-05

and six other persons, signitying their con-
sent to- form the corporation hereinafter
named, and the said John A. Morris shall
file Herewith his bond with good and solven,
sureties, residents of this state, in the sum
of five million dollars, said bond to be in ia
vor of aud accepted by the Auditor 6t the
state. Fhe condition of said bond shah be
that the said Morris, mis- agents or assigns,
shall pay to the state Of Louisiana the said
sum of tbirty-one million two hundred and
fifty Thousand dollars at the date and in the
manner herein set out, and shall faithfully
perform all the obligarious herein contained
and thereupon the persons signing the said
declaration shall be thereby constituted n
corporation under the name and title of
'The Louisiana Lottery Company" whereof
the capital stock shall be five million dollars,
represented by fifty thousand shares of one
hundred dollars each, at least twenty per
cent. thereof to be forthwith fully paid up,
and which corporation shall be and continue
during the period of this contract, and shall
have all the rights aud powers possessed.by
corporations generally as defined by the
present civil code of the state, and shall be
liable for the moneys berein dirscted TO be
paid to the Treasurer of the state, and for
all prizes to be drawn in said lotteries, and
from the persons conducting the Business
under this contract fifty per cent. of the net
profits OF the said business.
And in consideration of the payment of
said sum of thirty-one million two hundred
and ffty thousand dollars in installments as
aforesaid said corporation and the sh sfes Of
stock therein, aud the business authorized
by this contract, and the revenues and re.
ceipts thereof, shall be exempt from all taxes,
fues, assessments, impositions and licenses
of any kind whatever, 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 proper manage
ment and regulation of its affairs. The per-
sons signing said declaration shall consti-
tute the Grst board of directors, and shall
serve for the term Of one year from the time
of the fling Of said deefara ion and until
their successors are duly appointed.
ALI lotteries other than those authorized
by this article are prohibited in this state,
unless by similar amendment to this consti-
tuition and for not less than one million two
hundred and fifty thousand dollars per an
mum. ALI provisions of the constitution and
laws of tuis state inconsistent or in any way
conflicting with this article are declared TO
be superseded hereby.
Section Ire it further enacted, that it
shall be the dufy OF the Secretary OF State
to publish the foregoing proposed amend
ment in accordance with the provisions OF
article two hundred and fifty-six of the CON
stitntion within ninety days after the first
day OF j 4nuary, In the year eighteen hundl ed
and ninety-one.
Section. Ill BE fl further enacted, That
at the next general election all electors who
desire to vote for said amendments shall
write or print upon their ballots the words.
stFor the Levees, Schools, Charities, PEN
sions, Drainage. Lotteries and General
Fund amendment aud ali electors who
desire to vote At said election against i'd
amendment shall write OF print upon their
ballots the words "Against the Levees,
Schools. Charities, Pensions, Drainag., Lot
teries and General Fund amendment
Section. w. Be it further enacted, That
all officers farged with elections or the
coDdnct of the returns thereof under the
general election laws, shall at the time
they give notice Of the said general elec-
ton also give notice of the election herein
ordered for the adoption or rejection OF the
proposed amendment, and shall without
other direction or authority than is herein
contained make due returns Of said election
iu conformity with the general election
laws in 30 far as they are not inconsistent
with or in conflict with ti,is act.
fSignedl s. P. HENRY,
Speaker of the House of Representatives,.
[Signed JAMES JEFFRfEs,
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 Goth day
of August, 1891.
L. F. MASON.
Secretary of State.