The Meridional. (Abbeville, La.) 1856-1906, 1891-11-28

sent to form the corporation he.einaft+I
named, and the said John A. Morris sha
| file Herewith his bond with good aud solvent
/ sureties, residents of this state, in the snm
of Ave 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 tbirty-one million two hundred and
| fifty thousand dollars ut the date and iu the
| manner herein set ont, and shall faithfully
perform all the obligations herein contained
and therelpou the persons signing the said
| declaration shall be thereby constituted y
corporation under the name and title OF
The Louisiana LOTTERY Company whereof
the capital stock shalt be five million dollars,
represented by fty thousand shares of one
hundred dollars each, at least twenty per
cent thereof to be forthwith fully paid up,
and which corporation shall be aud continue
during the period Of this contract, and shall
have all the rights and powers possessed by
corporations generally as defined by the
presenG civil code OF the state, AMI 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 lotteries, and
shall be entitled to receive semi-aunually
from The pefsous conducting the business
under this contract fifty per cent. of the net
profits oil tha said business.
And in consideration of the payment Of
said snm of thifty-one million two hundred
ard fifty thousand dollars in instaiIments as
aforesaid. saii corporation aud the sh ares ot
stock therein, aud the business authorized
by this contract, and the revenues and re
celpt5 thereof, shall be exempt from all taxes,
tiuess assessments, impostions and licenses
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 manage
ment and regulation Of It's atflirs. The per-
sons signing said declaration shall consti-:
tute the first board of directors, and shall
serve for the term of Que 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 articla are prohibited in this state j
anless by similar amendment to this consti-
tntion aud for not less than one million two
hundred and ffFy thousand dollars per an
mum. Ali provisions of the constitution and
laws of this state inconsistent or in any way
conflicting with this article are declared t.,
be superseded hereby.
Section II--Ra it further enacted that it
shall be the duty OF the Secretary of State
to publish the foregoing proposed amend
ment iu accordance with the provisions oil
article two hundred and fif,y-six OF the CON
stitutiou within ninety days after the frs,
day OF Jsnnary, in the year eighteen hundred
and nintty-one.
Section. Ill Be it further enacted, That
~, fol, Ill, IL
desire to vote for said amendment shall
write or print upon their ball ,ts the words.
ttFur The Leyess. Schools, Charities, PEN
s.ons, Drainage, Lotteries and General
Fnnd amendment" and all eiec ors who
desire to vote at said election against s.id
amendment sha4 write or print upon their
ballots the words. "Against the Levees,
Schools. Chari les, Pensions, Drainag-, Lot
ieries and Gso"ral Fund amendment
Section. Nv. Be IL further enacted, That
all Offices arged with elections or the
conduct of the returns thereof under the
general election laws, shall at the tine
they give notice Of the ssd general elec-
tion 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 returDs OF said election
iu conformity with the general election
laws in so far as they are not inconsistent
with or in conflict with this act
tSignedl s. p. HENRY,
Speaker of the House Of Representative
(SignedI JAMES JEFFRIES,
Lieut. Governor and President of the
Senate.
(~.~-) Witness my signature and the seal
LIS. of the State of Louisiana at the
~ eitV of Batt1n Roupe this 2Gfb daV
of August, 1891,
L. F. MASON,
Secretary of State.