The Colfax chronicle., 1891-12-19

the persons signing the said declaration
s..a.l be thereby c0rstitaed corporation
under tue name and title of ''Tne I.ouis-
lana Lottery Company" whe enf the cap
ital stock shall be five million dollars,
represented by fifty thousand shares of
one hundred dollars ea.'h, ut Ieast twenty
per cent. thereof TO be forthwith fully paid
up. and which corporation snail be and
continue during the period Of this con
tract. aad shall have al. the rights and
powers possessed by corporations pener-
a ly as defined by the present ;ivil Code
of the State. and shall he liable for the
moneys herein directed to b- paid to the
Treasurer of the State, and for all prizes to
b. drawn in said lotteries aud shul be
entited to receive semi-aunually from the
persons conducting the business under
this contract fifty per cent. of til. not
profis of the said business. aud tn c0if,id-
station OF the payment "f sud sum o'
tiiigfy-one million two hundred and fifty
thuusand dollars, III iilstallments a, sfore-
said. said corporation and the shares of
stock therein and the business authorized
by this contract aud the revenues and
rec.,pts there,f, stall be exempt irom ali
taxes, dues, assessments, imposlsicns aud
| licenses of any Kind whatever, whether
powers Of said corporation shall be vested
! la a board of directors to CONSIST of seven
pe, sons, who may make and cst'.b.iish
rules and by laws for the proper manage
laent aud regulation of its affairs. The
PERSONS signing said declaration shall con-
siitute tue first board of directors and
shall srvc for the term one year from the
time of the filing of said declaration an,
until their successors are .lu,y appointed
All lottaries other than those authorized
BY this article ars prohibited IN this State
uni-ss by similar amendment to this Com
stitni,on and for not less than one mllior
twn hundred and fifty Thousand dollar
Der aunum. All provisions of the Cnnsii
tation and laws Of this State inconsistcn
"r la any way conflicting with this article
are declared t., be superseded hereby.
SIC. Be it further enacted, That !
shall he the duty OF the Secretary of Stat
to publish the foregoing in accordanc
with the provisions Of article two hundre'
and Eity-six OF the Constitution, within
ninety days after the first day Of Januar
in the year eighteen hundred and ninety
one.
SEC. 3. Be it further enacted, That .
the next general election sll electors VIII
desire 10 vote for said amendment slla
write or print upon their calints TN
words. "For rho Levses, Schools, Charities
Pensions, Drainage, Lotteries and Geners
; yuni am, ndmsnt-" and all electors wll
desire to vote at SAID election against sal
: amendment shall write or print upou theI
b,liots the words, against tho Levee'
Schools, Charities, Pensi'rs, Drainag'
otseries and General Fund amendment.
sEc 4 Be it further enacted. That
: officers charged with elections or the COZ
! duct Of the returns thereof uLder the gei
: eral election laws, shall ut the timc the
! ri re notice OF the said general election al;
give notice If The election herein order
!. for the adoption or rejection of the pr
! posed amendment and shall without 9TH
: direction or authority than is herein CO
Z tained make due returns Of said electit
= in conformity with the general elecfls
laws in so f.rt as taey are not inc0nsistel
!, with or in conflict with this act.
u >jruedI s. p. HENRY,
: Speaser of tho House OF Reprsses alive
ISignrd1 JAMES JEFFRlES.
Lieut Gov. and President of the Sena'
Witness M signature and the seal
the Stats of Louisiana at the city OF BAIT
= Rouge. this 18th day of August, 1891.
. L. f. MASON,
y tsHAAj Secretary of State