The Meridional. (Abbeville, La.) 1856-1906, 1891-12-19

and six other persons signitying their con
4 sent to form the corporation hereinafte
4 named, and the said John &. Morris shall
4 file thereWith his bond with good and soiven
] sureties, residents Of this state, in the sun
4 of five million dollars said bond TO be in ia
4 Vor of aud accepted by the Auditor of th.
4 state. The condition of said bond shall be
| that the said Morris, his agents or assigns
\ shall pay TO the state of Louisiana the aaiG
sum of thirty-one million two hundred and
| fifty thousand dollars st the date and in the
manner herein set olt. and shall faithfully
perform al the obligations herein contained
and thsreapon the persons signing the said
declaration shall be thereby constituted 9
corporation under the name and title Gl
The Louisiana Lottery Company whereof
the capital stock shall ue five million dollars,
represented by fifty thousand shares of one
hundred dollars each, at least tweaty 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 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. and for
all prizes to be drawn in said lotteries, and
shall DE entitled to receive semi-annually
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 thfrty-one million tive hundred
and fifty thousand dollars in installments as
aforesaid, said corporation and the shares of
stock therein, and the business authorized
by this contract, and the revenues and re-
ceipts thereof, shall be exempt from all taxes,
fiues, assessments. impositions and licenses
OF any kind whatever, whether state, parish,
municipal or otherwise.
The powers of said corporation shall be
rested in a board OF directors, to consist of
seven persons, who may make and estabIish
rules and bylaws tor the proper manage
n,ant aud regulation Of It's atf8irs. The per-
ssons signing said declaration ahall eousti-
tute the first board of directors, and shall
serTe for the term of one year from the time
of the fling of raid declara ion ard until
their successors ore duly appointed.
All lotteries other thsa those authorized
by this article are prohibited 10 this state,
unless by similar amendment to this eonsti-
tuition and for not less than one million two
hundred and fifty thousand dollars per an-
mum. All provisions OF the constitution and
laws of this state inconsistent or IN any way
conflicting with this article are dsclarsd to
be superseded hereby.
Section I.-44ffss II ssartDef enattesi, tbat II
shall be the dutv OF the Secretary of State
to publish the foregoing proposed amend
ment in accordance with the provisions of
article two hundred and fifty-six of the con-
stitution within ninety days after the first
day of January, in the year eighteen hundred
and 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 ballots the words.
FOR the Leyees, Schools, Charities, PEN
sions, Drainage Lotteries aud Geuerai
Funa amendment and all electors who
desire to vote at said election against sid
amendment shall write or print npon their
ballots the words. ''Againsf the Leyees,
Schools, Charities. Pensions, Drainage, Let
teries and General Fund amendment
Secffon. ". BE it further enacted, That
all officers caarged with elections or the
conduct of the returns thereof under the
general election laws, shall at the tine
they give notice of the said general elee-
ton 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 returns OF said election
i'll conformity with the general election
laws in so far as they are not inconsistent
with or in conflict with this act
fSigned] s. p. HENRY.
Speaker of the House of Representatives
[SignedI JAMES .JEFFR1ES.
Lieut. Governor and President of the
Senate.
(oa~,) Witnessmy signature and the seal
K LIS. of the State of Louisiana at the
( ~ city of Baton Rouge, this 26th day
L. F. Mason.
e Secretary of State