The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-09-12

| declaration shall he thereby constituted a
corporation under the name and ti,ie of The
| Louisiana Lottery Company" whe, eof the
| capital stock shall he i've million dollars re
presented by fifty thousand shares of one
| hundred dollars each. at least twenty per
ces t. thereof to be forth ,ith fully pald up,
and which corporation shall he and continue
during the period of this contract, aud shalt
have 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
ble for the moneys herein directed to be paid
| to the Treasurer of the State. and for all
| prizes to be drawn in said lotteries and hall
be entitled to receive semi annually from the
persons conducting the business u,,der 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
installments as aforesaid, said corporation
and the shares of stock therein and the busi
ness authorized by this contract and the rev
! enues and receipts thereof, shall be exempt
from all taxes, dues assessments. imposltons
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
anu bylaws for the per management and
regulation of its affairs. The persons sign
| ing said declaration shall constitute the first
term of 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,
| dniess by similar amendment to this Consti-
| tuition and for not less than one million two
hundred and fifty thousand dollars per all
mum. All provisions of the Constitution and
| laws of this State inconsistent or i'll any wav
! conflicting with this article are declared to
be superseded hereby.
SEC. 9 Be it further enacted, That it
| shall be the duty of the Secretary of State to
| publish the foregoing proposed amendment
| III accordance with the provisions of article
| two hundred and ffty-six of the Constitu-
ton. within nine.y days after the first day OF
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 Levees, Schools. Char-
ties. Pensions. Drainage, Lotteries aud Geu-
eral Fund amendment"
Sec. A. Be 1t further enacted. That all
officers charged with elections or the con
duct of the returns thereof under the general
e,ectien laws, shall at The time they give no.
tice OF the said general election also give no.
tIce of the election herein ordered for the
adoption or rejection of the proposed amend
mend. and shall without othe direction or
auf hority than is herein 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.
SignedJ S +. HENRY,
speaker CT the House of Representatives.
[Signed JAMES JLFFRIEs.
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 29th day of
August 1891.
L. +. MASON,
Secretary of State.