The Meridional. (Abbeville, La.) 1856-1906, 1891-11-14

and ak other persons, signifying their con-
sent to form the corporation hereinafter
named, and the said Jonn 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 aud 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 out, and shall faithfully
perform all the obligations herein contained
and thereupon the persons signing the said
declaration shall be thereby constituted j.
corpo ration under the name and title of
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. thereof to be forthwith fully paid up,
and which corporation shall be and continue
during the period of this contract, aud shall
have all the rights and powers possessed by
corporations generally as defined by the
present civil code of the state, and shall be
liable for the moneys herein directed to be
paid to the Treasurer of the state, aud for
all prizes to be drawn in said lotteries, and
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
Ltoresaid, said corporation and the shares of
stock thereip, and the business authorized
bv this contract and the revenues and re
ceipts thereof, shall be exempt from ali taxes,
tiues, assessments, imposltions and licenses
OF any kind whatever, whether state, parish.
municipal OF 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 by laws fer the proper manage
ment and regulation of its affairs. The per-
sons signing said declaration shall consti-
tute the first board of directors, and shall
serve for the 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 in this state,
unless by similar amendment to this consti-
tntion and for not less than one million two
hundred aud City thousand dollara per an
mum. All provisions OF the constitution and
laws of ttlis state inconsistent or in any way
COHiECtsbB MlGu Eu1S ATktCiS GEc uGGId10A "
be superseded hereby.
Section H--Rs it further enacted, that it
shall be the dufy OF the Secretary of State
to publish the foregoing proposed amend
ment in accordance with the provisions OF
article two hundred and ffty-six of the con
stitution within ninety days after the hrs
day oi January, in the year eighteen hundred
aud ninety-one.
Section. III 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 ballpts The words
.sFsor. he Levers. Schools, Charlties, PEN
sions.. Drainage, Lotteries and Geueral
Fund amendment and all electors who
desire to vote ut said election against stid
amendment shall write or print upon their
ballots the words Against the Levees,
| Schools Chari les, Pensions, Drainage, Lot
teries and Ge4.eral Fund amendment
Section ". Be it further enacted, That
all Offices arged with elections or the
conduct Of the returns thereof under the
general election laws. shall at the time
they give notice of the said general cleo
| tion also give notice of tho election herein
ordered for the adoption orr.jection Of the
proposed amendment, and shall without
other direction or authority than is herein
/ contained make due returns OF 8alu electioh
ii conformity with the general election
laws in so far as they are. not inconsistent
{ with or ia conflict with this act.
/ fSignedl S.. p. HENRY
Speaker of the House of Representatives..
EFSignedl JAMES JEFFRIES.
| Lieut. Governor and President OF the
t,Senate.
i (~S~~1 Witness my signature and the seal
/ LIS. 5of tile State of Louisiana at the
| t~>es1 city of Baton Rouge, this 26th day
| t.. f. MASON,
Secretary Of State.