The Meridional. (Abbeville, La.) 1856-1906, 1891-10-31

anu BLK Obn6r p0TsOuSi SlgAltyluS tuSlr COu-
sent to form the corporation hereinafter
named, and the said John A. Morris shall
file Herewith his bond with good and solvent
sureties, residents of this state, in the sum
of five million dollars said bond to be in fa-
vor of and accepted by the Auditor of the
state. The condition of said bond shall be
that the said Morris, his agents or assigns,
shall pay to the state of Louisiana the said
sum of thirty-one million two hundred and
fifty thousand dollars at the date and in the
manner herein set ont, and shall faithfully
perfora all the obligations herein contained.
and tEereupon the persons signing the said
declaration shall be thereby constituted a
corporation under the name and title of
sTne 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. thereof to be forthwith fully paid up,
and which corporation shall be and continue
during the period of this contract, and shall
have all the rights and powers possessed by
corporations generally az defined by the
present civil code of the state, aud shall be
liable for the moneys herein directed to be
paid to the Treasurer of the state, and for
ali prizes to be drawn in said lotteries, aud
shall be entitled to receive semi-annually
from the persons conducting the business
under this contract 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 fifty thousand dollars in installments as
aforesaid, said corporation and the shares of
stock therein, aud the business authorized
by this contract, and the revenues and re-
ceipts thereof, shall be exempt from all taxes,
Gnoc acunocyy,onts ynvn.itinnsj onI linanaaS
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 ana bylaws for the proper manage
ment aud regulation of its affairs. The per-
sons signing said declaration shall eonsti-
tute the FIRST board of directors, and shall
serve for tue term of one year from the time
of the fling of said declara ion and until
their successors are duly appointed.
Ali lotteries other than those authorized
by this article are prohibited iu 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.
Section II.--Re it further enacted, that it
shall be the duty OF the Secretary of State
to publish the foregoing proposed amend
ment III accordance with the provisions OF
article two hundred and ffty-siX OF the CON,
stitution within ninety days after the first
day OF January, in the year eighteen hundred
and ninety-one.
Section. Ill. BE it further enacted, That
at the next general election all electors who
desire to vote for said amendment shall
write or print upon their ball,ts the words.
stFor the Levees, Schools, Charities, PEN.
sions. Drainage, Lotteries and General
Fund amendment and all electors who.
desire to vote at said election against sid
amendment shall write or print upon their
ballots the words. aAgains5 the Levees,
Schools, Charities, Pensions, Drainage, Lot
teries and Gentral Fund amendment
Section. IV.Be it fnrther enacted, That
all officers c iarged with elections Or the
conduct of the returBs thereof under the
general election laws, shall at the time
they give notice of the said general cleo
ZION also give notice of the election herein
ordered for the adoption or rejection of the
proposed amendment, and shall without
other direction or authority than is herein
contained make due returns OF said election
iu conformity with the general election
laws ih SO far as they are not inconsistent
with or in conflict with this act.
fSignedl S. p. HENRY.
Speakerof the House of representatives.
lSignedI JAMES JEFERIEs.
Lieut. Governor and President of the
Senate.
(->n~) Witness my signature and the seal
LIS of the State Of Louisiana at the
- city of Baton Rouge, this 18th day
L. r. MASON,
Secretary of State.