St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1891-12-05

paid up. and which corporation sh all he
and continue during the periosl of this
contract. and shall have all the rights
and powers possessed by corporate on>
generally. n defined by the prcssu
Civil Code of the State. and shall l,c
liable for the moneys herein directed o
liz paid to the IRE asurcr Of the Sta tc.
and for all prizes to he drawn In said
lotteries. and shall he entitled to re-
ceive semi-annually from the persons
conducting the business under this con-
tract 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 flfty thou
sand dollars. in inStallmentS ~ afOrc-
said. said corporation and the shares
, of stock therein and the business auth.
Orixesl by this contract and the revenues
and receipts thereof, shall be exempt
| from all taxes, dues, assessments. inn
positions and licenses Of any kind what
ever. whether state. parrish. municipal
or otherwise. The powers Of said cor.
pOrstion shall M vested in q boarl Of
directors tn consist of seven persons,
who may make and establish rules and
bylaws for the proper management and
regulation Of its affairs. The persons
signin. said declaration shall constitute
the first board of directors anal shall
serve for the term of one year from the
time Of the fling Of said declaration
and until their successors are duly APP
pointed.
All batteries other than those author
ixesl Nv this article are prohibited In
this state. unless by similar amend
mcnt to this Constitution and for not
less than one million two hundred and
nfty thousand dollars per annum. MI
provisions Of the Constitution and laws
Of this State Inconsistent ar In any way
confiiciin. with this article are declared
to he superseded hereby.
SIC. 2. BE Il further enacted, That
II shall he the duty of the Secretary Of
state to publish the forcgOin. proposed
amendment i'm accordance with the pro-
visions Of article two hundred and fifty-
six Of the Constitution, within thirty
days after the tirst tla- Of January in
the year eighteen hundred and ninety
one.
SIC. 3. BE- il further enacted. That
, at the next general election all electors
who desire TO vote for said amendment
shall write or print upon their ballots
the words. .'rOr the l.cvees. Schools,
! Charities. Pensions. Drainage, Lot
teric> 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 'sA.a:nst the Levees,
Schools. Charities. Pensions. Drainage.
Lotteries AMI General Fund amend;
memt."
Size. {. Ec il further enacted, That
all OfIlctrs charged With elections or the
conduct of the returns thereof under
the general election laws, shall at the
time they give notice of the said gen;
cral election also give notice Of tile
election herein ordered for the adoption
ar rejection Of the proposed amend
ment. and shall without other direction
or authority than Is herein contained
make due returns of said election in
| conformity with the general election
laws in SD far a. they are not incOnsist-
ent with or In conflict with this act.
(Signcsl] =. +. HENRY.
Speaker Of the House Of Representa-
tiveS.
ISignesl] JAMES JEFFRlES.
Lieut.. Governor. and President 81 the
Senate.
Witness my hand and tie seal Of the
- State Of Louisiana. at the city
(l of Baton Rouge, this Goth day
of August, 1891.
l.. +. MASON.
Secretary Of State