The Meridional. (Abbeville, La.) 1856-1906, 1891-10-24

and six other persons. signifying their con-
sent to form the corporation hereinafter
named, and the said Joun A. Morris shall
file Herewith his bond with g6od and solvent
sureties. residents of this state, in the sum
OF Ave million dollars, said bond to be in fa-
vor of aud accepted by the Auditor OF the
state. Toe condition ot said bond shall be
that the aid Morris, his agents or assigns,
shall pay to the state of Louisiana the said
sum OF thiffy-one million Two. hundred and
fifty thousand dollars at the date and 10 the
m amer herein set ont, aud shall faithfully
perform all the obligations herein contained.
and thereupon the persons signing the said
deetaration shall be thereby constituted q
corporation nader the name aud title of
Tue Louisiana Lottery Company whereof
the capital stock ghlll be live million dollars,
represented by fry 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 aud powers possessed by
corporations e ReraHy "a defined by the
presens civil code of the state, aud shall be
liable for the moneys herein directed to be
paid 10 the Treasurer of the state, and for
all prizes 10 be drawn in said lotteries and
shall De estitled to receive semi-annualIy
from the psrsons conducting the business
under this goatract fifty per cent. of the net
profits of tlsa said business.
And in Consideration of the payment o.
said sum ofsthirty-one mili IN two hundred
and fifty thousand dollars in insta!lments as
aforesaid, said corporation and the shares of
stock therein, and the business authorized
by this contract, and the revenues and re
eeipts thereof, shall bsexempt from all taxes,
fiaes, assessments. impositions and iceases
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 persens, who may make and establish
rules ana bylaws for the proper nansgs-
ment aud regulation of Its aff4irs. The per-
sons signing said declaration shall coHsti-
tnte the first board of directors, and shall
serve for the term of one year from the tim
of the fling of sad declaration and until
their successors are duly appointed.
All lotteries other thaa those authorized
by this article are prohibited in this state.
ualess by similar amendment to this consti-
tuition aud fur not less than one million two
hundred aud fifty thousand dollars per an
nun. Ali provisions OF the consti ution and
laws of this stats inconsistent or in any way
conflicting with this article are declared t.
be superseded hereby.
Section III it further enacted. that it
shall be HE du OF the Secretary ef State
to publish the foregoing proposed amend
menf in accordance with the provisions of
article two hundred and fisty-si1 OF the con
ssitution within ninety days after the first
day OF Jtunsry, in the year eighteen hundred
and ninety-one.
Section. I'll Be it further enacted, That
at the next general election all electors who
desire to vote for said amendments shall
write or print upon their ball It's The words:
"For the Levers, Schools, CharlJies. Pen-l
slons. Drainage. Lotteries and General
Fund amendment" and all eec ors who
desire to vose at said e:eetion against s id
amendment shall write OF print upon their
ballots the words "Againsr the Levees
Schools Chtri i-s, Pensions, Dfainagr, Let
teries and Ge44ral Fand amendment"
Section. ". Be it further enacted, That
ali offiee,s arged with elections or the
conduc' of the returns thereof under the
general election laws, shall at the ii ne
they give notice of The seid general cleo
| lion also gIve notice of the election herein
ordered for rhesadoption or rcjsctipn 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 in so far as they are not inconsistent
| with Or 10 conflict with tais act
| fSignedl s. p HENRY.
Speaker of the House of Representatives..
| [SignedI JAMES JEFFRIEs.
Lieut. Governor and President of the
J Senate.
/ (~~} Witness my signature and the Sc al
| LIS of the State of Louisiana ut the
(~~, Scity of Baton Rouge, this 26th day
L. F. MASON,
Secretary Of State.