The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-30

aocment 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. ,ss
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 anu
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 III the
office of the Secretary of State a written
acceptance by him OF them OF this CON
tract. and for the protection OF the STATE
aud the security Of the pnblic, this cor
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, slgnlfymg
their consent to form the corporation
hereinafter named, and the said John A.
Morris shall file Herewith his bond with
good and solvent suretics, residents OF
this State, in the sum of five million dol
lars. said bond to be in favor OF and ac-
ccpted by the Auditor of the State; the
condition of said bond shall be that the
said Morris, his agents or assigns, shall
nav 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 be 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 be 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
| be paid to the Treasurer of the State, and
! for all prizes to be drawn in said lotte-
ries. ana shall be entitled to receive
semi-annually from the persons conduct
ing the business under this contract nifty
per cent. of the net profits of the SAID
i business, and in consideration of the pay
ment of said sum of tlirty-0ne 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 be exempt from all taxes. dues,
, assessments impositiOns and ]icensrs OF
any kind whatever, whether State, par
ish, municipal or otherwise. The power.
of said corporation shall he vested in q
board of directors to consist of seven per
sons, who may make and establish rule:
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 ant
shall serve for the term of one year from
tho time of the filing of said declaration
and until their successors are duly ap
e pointed.
c All lotteries other than those author
Q lied by this article are prohibited i'll thi
l. State, unless by similar amendment t
}, this Const tuition and for not less tina
j. one million two hundred and fifty thou
h sand dollars per annum. All provision
is of the Constitution and laws of this Stat
d inconsistent or in any way conflictin
II with this article are declared to be super
J. coded hereby.
C,.r - ft,r& hnw
IS shall he the duty of the Secretary {
e. State to publish the foregoing propose
l. amendment in accordance with the prt
J, visions of article two hundred and fit,
IS six of the Constitution, within ninet
n days after the first day of january in I'll
is year eighteen hundred and ninety on
to SEC. 3. BE it further enacted, That +;
at the next general election all electors WI
il, write or print upon their ba'lots tt
" words, "For the Lcvees, Schools, Chan
in ties, Pensions, Drainage, Lotteries al
ed General Fund amendment" and all elc
id tors who desire to vote at said elccti,
he against said amendment shall write
III, print upon their ballots the word
ed against the Levecs, Schools, Charlie
d. Pensions, Drainage, Lotteries and Gen
,e- raj Fund amendment"
lis SEC. 4. Be it further enacted, That &
officers charged with elections or the co
duct of the returns thereof under Il
~ general election laws, shall at the tir
,c. they give notice OF the said general Gle
t,,- ton also give notice of the election hel
lin in ordered for the adoption or rejecti
ri of the proposed amendment. and sill;
nd without other direction or authority TIL
is herein contained make due returns
,e- said election in conformity with the &C
IA eral election laws in so far us they q
he not inconsistent with or in conflict vi
tn this act.
as [signed] S. P. HENRY,
nd Speaker of the House Of Representative
Dt- [Signed] JAMES JEFFRIES,
no Lieutenant Governor and President
the Senate.
70 ~ Witness my signature Il
No, l.. S. the seal of the State of Ii
->D ~ isiana, at the City of Bat
Rouge, this 18th day of August, Is
les. L. +. MASON,
lnd Secretary of State