The Meridional. (Abbeville, La.) 1856-1906, 1891-12-12

and six other persons, signJing their co,
sent to form the corporation hereinaftt
named, and the said John A. Morris sha
file Herewith his bond with good and solved
sureties, residents of this state, in the sui
of 6ve million dollars, said bond to be in Fl
vor of and accepted by the Auditor OF III
state. The condition of said bond shall b
| that the said Morris. his agents or assign,
| shall pay TO the state of Louisiana tho sal
sum of thirty-one million two hundred an
fifty thousand dolIArs at tbe date aud in III
manner herein set out, and ShhI! faithfulI
| perform all the obligations herein conta,nsd
and thereupou the persons signing the sal.
! declaration shall be thereby constituted
corporation under the name and title o
The Lonisiaua Lottery Company Whereo
the capital stock shalifbe five million dollars
represented by fifty thousand shares of one
hundred dollars each, at least twenty ne,
| 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 as defined By the
present civil code of tue 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
shall De entitled to receive sem-annuallg
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 t@o hundred
and fifty thousand dollars in insfallments as
aforesaid, said corporation aud the shares of
stock thereto, ana the bnsiness authorized
by this contract. aud the revenues and re-
celpts thereof, shall be exempt from aii taxes.
iiues, assessments, impositiuns and Licences
OF any kind whatever, whether state, parish,
municipal or otherwise.
The powers Of SAID corporation shall be
vested in q board of directors, to consist of
seven persons, who may make aud establish
rules and bylaws for the proper mansge-
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.
All lotteries other than those authorized
by this article are prohibited in this state,
unless by similar amendment TO this consti-
tution and for not less than one million two
hundred and fifty thousand dollars per an
mum. All provisions o. the constitution and
conflicting with this article are declared t.
be superseded hereby.
Section Ire it further enacted, that it
shall be the day OF the Secretary of State
to publish the foregoing proposed amend
ment ia accordance vita tho provisions o!
article two hundred and fiftv-six of the can
stitution within ninety days after the frsi
day OF January, in the year eighteen hundred
and nety-nne.
Section. LII 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 ballots the words
: For the Lerees, SCHOOLS, Charities. PEN
Aloos, Drainage, Lotteries and Gsaerai
Fnnd amendment" and all cleo sors who
desire to Vote at said election against said
amendment shall write or print Hpon their
ballots toe words "Against TIE Leyees
Schools. Chari les. Pensions, Drainage. Lot
teries and General Fund amendment
Section. ". Be it fnrther enacted. That
all officers cnarged with elections or the
conduct of the re.urns thereof under the
general election laws, shall at the tine
they give notice of the sid general cleo
ton also give notice Of the election hereip
ordered for the adoption or rejection ot.the
proposed amendments, 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 SO far as they are not inconsistent
with or in conflict with this act
ISignedl S. p HENRY.
Speaker of the House of Representatives.
[signedj JAMES JEFFRrEs.
Lieut. Governor and President of the !
Senate.
(~e.ol Witness my signature and the seal
LIS. of the State Of Louisiana at the
-~~I) city of Baton Rouge, this 26th day
Of August 1891.
L. i. MASON.
Secretary of State |