The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-09

apement and the control of the same to
he determined by the General Assembly,
which is hereby directed to carry into
effect this provision by appropriate legis-
latiOn.
To the General FMnd.-Two hundred
and fifty thousand dollars annually pay
able quarterly in advance, as above pro-
vided.
The several sums of money above spec
fled shall be devoted to the objects and
purposes hereinbefore stated, and the
General Assembly is hereby directed to
carry into effect this provision by appro-
pirate legislation.
Said John A. Morris. his heirs or agents,
shall within twenty days from the date
of the adoption of this article, file in the
Office of the Secretary of State u written
acceptance by him or them of this con-
tract, and for the protection of the State
and the security of the public, this coz
tract is made upon the express condition
that said John A. Morris, his heirs or
agents, shall within thirty days from the
date of the adoption Of this article file in
the Office of the Secretary of State de-
claration in writing, signed by him or
them and six other persons, signifying
their consent to form the corporation
hereinafter named, and the said John A.
Morris shall file Herewith his bond with
good aud solvent sureties, residents OF
this State, in the sum of five million dol
lars, said bond to be in favor of and &C.
cepted by the Auditor of the State; the
condition of said bond shall he 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 dates
and in the manner herein set out and
shall faithfully perform all the obliga-
tions herein contained; and thereupon
the persons signing the said declaration
shall he thereby constituted corpora
ton 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. theroofto be forth
with fully paid up, and which corpora
ton shall I've and continue during the
period of this contract, and shall have all
the rights and powers possessed by cor
porations generally as defined by the pre-
sent Civil Code of the State, and shall be
liable for the moneys herein directed to
I've paid to the Treasurer Of the State, and
for all prizes to be drawn in said lotte-
ries, ana shall be entitled to receive
emi-annually from the persons conduct
ing the business under this contract fifty
per cent. of the net profits of the said
business, and in consideration Of the pay
ment of said sum Of thirty-One million
two hundred and fifty Thousand dollars,
in installMents as aforesaid, said corpora
ton and the shares of stock therein and
the business authorized by this contract
and the revenues and receipts thereof,
shall he exempt from all taxes. dues,
assessments, impositions and licenses OF
any kind whatever, whether State, par
ish, municipal or otherwise. The powers
of said corporation shall he vested in
board of directors to consist Of seven per
sons, who may make and establish rules
and bylaws for the proper management
and regulation of it's affairs. The per-
SONS signing said declaration shall con-
stitute the first board of directors and
shall serve for the term of one year from,
the timo of the filing of said declaration
and until their successors are duly APP
pointed.
All lotteries other than those author
lied by this article are prohibited in this
State, unless by ilar.san'endment to
this Constitution and for not less than
one million two hundred and fifty thou
sand dollars per annum. All provisions
of the Constitution and laws Of this State
inconsistent or in any way conflicting
with this article are declared to be super
coded hereby.
SEC. 2. Be it further enacted, That it
shall DO the duty of the Secretary of
State to publish the foregoing proposed
amendment in accordance with the pro-
visions of article two hundred and fifty
six of the Constitution, within ninety
days after the first day Of January in the
year eighteen hundred and ninety one.
SEC. ). Be it further enacted, That ut
the next general election all electors who
desire to vote for said amendment shall
write or print upon their ballots the
words, "For the Levees, Schools, Chair
ties, Pensions, Drainage, Lotteries and
General Fund amendment" and all cleo
tors who desire to vote at said election
against said amendment shall write or
print upon their ballots the words,
against the Levees, Schools, Charities,
Pensions, Drainage, Lotteries and Gene
raj Fund amendment"
SEC. 4. Be it further enacted, That all
officers charged with elections or the con-
duct of the returns thereof under the
general election laws, shall at the time
they give notice of the said general cleo
ton also give notice of the election here
in ordered for the adoption OF rejection
Of the proposed amendments. and shall
without other direction OF authority than
is herein contained make due returns Of
said election in conformity with the gen
eral election laws in so far as they arc
not inconsistent with or in conflict with
this act.
| [Sgned] s. P. HENRY,
Speaker of the House of Representatives.
[Signed] JAMES JEFFR1ES,
Lieutenant Governor and President of
the Senate.
~ Witness my signature and
l.. s. tho seal of the State of Lou
{~~\ isiana, at the City of Baton
Rouge, this 10th day of August, 1891.
L. F. MASON,
Secretary of State.