The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-11-21

Louisiana Lottery Company wher ent the
capital stock shalt be five million dollars, re
presented hy fifty thousand shares of one
hundred dollars each, at least twenty per
ce t. thereof to be forth Nth fully i,ald up,
and Which corporation shall he and continue
during the period of this contract ANA shalt
have all the rights and pawers possessed by
corporations generally as defined by the nre
sent Civil Coae OF the State. and shall be la
Bile for the moneys herein directed to be paid
to the Treasurer of the State. nnd for all
prizes to be drawn in said lotteries aud shall
he entitled to receive semi annually from the
persons conducting the business nnder 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, i'll
inst ailments as aforesaid said corporation
and the shares OF stock therein and the bust
ness authorized by this contract and the rev
enu6s and receiptS thereof. shall be exempt
from all taxes, dues assessments, lmpoSltlonS
and licenses of anv kind whate yer. 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 pro ger management and
regulation Of its affairs. The persons 81 ~
ing said declaration shall constitute the first
board OF directors and shall serve Tor the
term Of one year from the time of the filing
are duly appointed.
All lotteries other than those authorized
by this article are prohibited III 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. All provisions OF the Constitution and
laws Of this State Inconsistent or in any way
conflicting with this article are declared to
be superseded hereby.
SEC . Be it further enacted. That it
shall he the duty of the Secretary of State to
publish the foregoing proposed amendment
! in accordance with the provisions of art cle
| two hundred and titty-siN of the Constitu-
| tion. within nine Y days after the first day OF
! January in the year eighteen hundred ard
nnetv-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 upun their ballots the words. For
| the Leyees, Schools. Charities. Pensions.
Drainage. Lotteries anu General Fund
| amendment and ali electors who desire 10
| vote ut said election against said amendment
| shall wiite or print upon their ballots the
words against the Levees, Schools, Ghar-
| ties Pensions, Drainage, Lotteries and Geu
cral Fund amendment
SEC t. BE It further enacted, That all
officers charged with elections or the con
duet Of the leturns thereof under the general
etection laws. shall at he time they give no.
tIce OF tDe Sald general eietton also give no
tIce of the election nerein ordered for the
adoption rejection of the proposed amend
mend and shall without other direction or
aul horty than is herein contained make due
returns of said election in conformity with
the general election laws i'll so far as they
are not inconsistent with or i'll conflict with
this act
Signed ). t. HENRY,
speaker Ct the House Of Representatives,
[Sinned JAMES JLFFRIEs.
Lieut. Governor and President of the Senate.
~ Witness my signature and the seal
LIS. of the State OF Louisiana at the city
{~~ 3of Baton Rouge, This 2Sth day of
August 1874.
l. +. MASON.
Secretary of State