The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-16

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| agement and tho control of the same to
be determined ny the General Assembly,
which is hereby directed to carry into
effect this provision by appropriate legis-
| lation.
To the General Fand.-Two hundred
and fifty thousand dollars annually, pay
! able quarterly in advance, as above pro-
videl.
The several sums of money above spec
fled shall be devoted to the objects and
purposes hereinhefore stated, and the
General Assembly is hereby directed to
carry into effect this provision by appro-
pirate legislation.
Said John A. Morris, his heirs or agents,
shall within twenty days from the date
of the adoption of this article, file i'll the
office of the Secretary Of State q written
acceptance by lin OF them of this con-
tract, and for the protection of the State
and the security of the pnblic, this co.,
tract is made upon the express condition
| that said John A. Morris, his heirs or
agents, shall within thirty days from tho
date of the adoption Of this article Tile in
the Office of the Secretary of State de-
claration in writing, signed by him or
! them and six other persons, signiiying
| their consent to form the corporation
hereinaf ter named, and the said John A.
Morris shall file Herewith his bond with
good and solvent sGreties, residents Of
| this State, in the sum Of five million dol
lars, said bond to lie in favor of and ac-
cepted by the Auditor of he State; the
condition of said bond shall he that the
said Morris, his agents OF assigns, shall
pay to the State of Louisiana tbs said
sum of thirty-one million two hundred
and fifty thousand dollars at the dates
and in the manner herein set cut and
shall faithfully perform all the ohiiga-
lions herein contained; and therenpon
the persons signing the said declaration
shall be thereby constituted a corpora
ton under the name and title of 1.-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. therooft to be forth
with fully paid UP, and which corpora
ton shall be and continue during the
period of this contract, and shall have all
the rights and powers possessed by cor
porations generally as defined by the pre-
sent Civil Code Of the State, and shall be
liable for the moneys herein directed to
| be paid to the Treasurer of the State, and
for all prizes to be drawn in said lotte-
ries, ana shall be entitled to receive
semi-annnally from the persons conduct
| ing the business under this contract fifty
per cent. of the net profits Of the said
| business, and in consideration of the pay
ment Of said sum OF thiriyone million
two hundred and fifty Thousand dollars,
in installments as aforesaid, said corpora
| ton and the shares Of stock therein and
the business authorized by this contract
and the revenues and receipts thereof,
shall be exempt from all taxes, dues,
assessments, impOsitions and licenses Of
any kind whatever, whether State, pas-
ish, municipal or otherwise. The powers
of said corporation shall be vested in 4.
board Of directors to consist of seven per-
sons, who may make and establish rules
and regulation of its affairs. The per
stitute the first board of directors and
shall serve for the term of enc year irr,u
the timo of the fling of said declaration
and until their successors are duly ap-
pointed.
All lotteries other than those author
lied by this article are prohibited in this
State, unless by similar amendment to
this Constitution and for not less han
one million two hundred and fifty thou
sand dollars per annum. All provisions
of the Constitution and laws Of this State
inconsistent or in any way conflicting
Al, 4
coded hereby.
SEC. 2. Be it further enacted, That it
) shall he the duty CT the Secretary OF
State to publish the foregoing proposed
amendment in accordance with the pro
visions of article two hundred and fifty
J six of the Constitution, within ninety
days after the first day of January in til.
5 year eighteen hundred and ninety one
, SEC. 3. Be it further enacted, That al
t the next general election all electors "h,
, desire to vote for said amendment shall
, write or print upon their ballots til.
words, "For the Levees, Schools, Chair
, ties, Pensions, Drainage, Lotteries ant
T. General Fund amendment" and all cleo
tors who desire to vote at said election
9 against said amendment shall write OF
print npon their ballots tho words
l AGAINST tie i.eTces, Schools, Charities
Pensions, Drainage, lotteries and Gene
: raj Fund amendment
S SEC. 4. Be it further enacted, That al
officers charged with elections or the con
duet Of the returns thereof under tn,
genera! election laws, shall at the tim,
they give notice of the said general cleo
ton also give notice of the election here
\ in ordered for the adoption or ri,jociio,
of the proposed amendment. and shat
l without other direction or authority tia.
is herein contained make due returns o
: said election in conformity with the gen
oral election laws in so far as they ar
= not inconsistent with or in conflict witt
. this act
[Signed] S. P. HENRY,
l Speaker of tho House of Representatives.
: [Signed] JAMES JEFFRIES,
q Lieutenant Governor and President o
the Senate.
~ Witness my signature an.
:, ( L. S. the seal of the State of Lou
~>~~A isiana, at the City of Bato,
Rouge, this. .2oth day of August, 1891
J, l.. T. MASON,