The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-23

ooement and the control of the same to
he determined by the General Assembly,
wbich is hereby directed to carry into
effect this provision by appropriate legls-
latiOn. ,a,oa
and fifty thousand dollars annually pay
able quarterly in advance as ABOVE pro-
vided. o
fled shall be devoted to the op)ec1s anu
purposes hereinbefOre stated. ana the
General Assembly is hereby directed 10
carry into effect this provision by appro-
pirate legislation.
shall within twenty days from the GATE
of the adoption Of this article, ME IN the
Office of the Secretary OF State written
acceptance by him or them OF TINS con
tract, and for the protection OF the STATE
and the security of the public, this con-
tract is made upon the express condltlon
that said John A. Norris, his heirs or
agents, shall within thirty days from the
date of the adoption Of this article ME III
the office of the Secretary of State de-
claration in writing, signed by nun OF
them and six other persons, slgnlfyihg
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 ana ac-
cepted by the Auditor of the State; the
condition of said bond shall be that the
said Morris, his agents or assigns, snail
nav to the State Of Louisiana the sa1d
sum of thirty-one million two hundred
and fifty thousand dollars at the dates
and in the manner herein set OUT ana
shall faithfully perform all the obllga-
tions herein contained; and thereupon
the persons signing the said declaration
shall be thereby constituted a corpora
ton under the name and title OF ''Ihe
Louisiana Lottery Company" whereo1
the capital stock shall be five million
dollars, represented by fifty Thousand
shares of one hundred dollars each, at
least twenty per cent. thereof to 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 t.
be paid to the Treasurer Of the State, anC
for all prizes to be drawn in said lotte
ries ana shall be entitled to receive
f semi-annually from tho persons conduct
ing the business under this contract hit.
per cent. of the net profits of the salt
business, and in consideration of the pay
ment of said sum of tbirty-one million
two hundred and fifty thousand dollars
| in installments as aforesaid, said corpora
ton and the shares Of stock therein ant
the business authorized by this cOntrac
and the revenues and receipts thereon
shall be exempt from all taxes. dues
r assessments, impositions and licenses q
any kind whatever, whether State, PAL
isll, municipal or otherwise. The power
of said corporation shall be vested in
], board of directors to consist of seven pei
= sons, who may make and establish rule
and bylaws for the proper management
and regulation of its affairs. The pei
= sons signing said declaration shall COZ
stitute the first board of directors an
shall serve for the term of one year frol
! the time of the filing Of said declaratio
{ and until their successors are duly al
10 pointed.
lie All lotteries other than those authO
le lied by this article are prohibited in tn
d. State, unless by similar amendment
Q, this Constitution and for not less thu
O. one million two hundred and fifty tho
Oh sand dollars per annum. All provision
lis of the Constitution and laws of this Sta
Id inconsistent or in any way contlictll
ar with this article are declared to be supe
b. coded hereby.
ed SEC. 2. Be it further enacted, That
hs shall be the duty of tho Secretary
e. State to publish the foregoing propos
d. I.amendment in accordance with the pl
53, visions of article two hundred and fift
is six of the Constitution, within nine
i'll days after the first day Of January i'll t
his year eighteen hundred and ninety OF
to SEC. 3. Be it further enacted, That
at the next general election all electors "
be desire to vote for said amendment sll
ril, write or print upon their ballots
w words, "For the Leyees, Schools, Cha
in ties, Pensions, Drainage, Lotteries /,
led General Fund amendment" and all ell
aid tors who desire to vote at said electl
The against said amendment shall write
Oh, print upon their ballots the wor
sed against the Levees, Schools, Chariti
nd Pensions, Drainage, Lotteries and &c
be- raj Fund amendment"
his SEC. a. Be it further enacted, That
officers charged with elections or the c.
duct of the returns thereof under ,
ec. general election laws, shall at the ii
ec. they give notice of the said general el
tn ton also give notice of the election he
ein in ordered for the adoption OF reject
ari. of the proposed amendment. and 81
md without other direction OF authority tt
is herein contained make due returns
ma said election in conformity with the g
ma eral election laws in SO far as they
the not inconsistent with or in conflict W
tn this act.
AZ [Signed] S. P. HENRY,
and Speaker of the House of Representa-,
,pt- [Signed1 JAMES JEFFRIES,
~ as Lieutenant Governor and President
the Senate.
,rs { ~ Witness my signature
LEO, L. S. the seal of the State Of L
AND ~ isiana, at the City of Ba
Rouge, this i29th day of August, Il
les, L. F. MASON,
und Secretary of Stat
con-
, nfl