The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-09-19

declaration shall he thereby constituted a
coTp"ra'ion under the name and ti'lp of .'The
Lo"i>mna Lottery Company" whe' eof the
capital stock shall be Ave million dollars. re-
presented hv fifty thousand shares of one
hundred dollars each, at least twenty per
cent. thereof to he forth ,i'h fully paid up,
and which corporation shall be and continue
during the period of this contract, and shalt
have all the rights and powers possessed by
corporations generally as defined by the pre-
sent Civil Code of the State. and shall be liza
Bile for the moneys herein directed to be paid
to the Treasurer of the State, snd for all
prizes to be drawn in said lotteries, and shall
he entitled to receive semi annually from the
persons conducting the business under this
contract fifty per cent. of the ret profits of
the said business and in consideration of the
payment of said snm OF thirty one million
two hundred and fifty thousand dollars in
lnstallmeuts aforesaid said corporation
and the shares OF stock therein aud the bust
ness authorized by this contract and the rev.
enues and receipts thereof, shall be exempt
from all taxes, dues assessments. impOsItiOns
and licenses 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
persons, who may make and establish rules
aud bylaws for the pro ,,er management and
regulation of its affairs. The persons sign
ing said declaration shall constitute the first
board of directors and shall serve for the
term of one year from the time of the filing
of said declaration and until their successors
are duly appointed.
All lotteries other than those authorized
by this article are prohibited in this State,
nnless by similar amendment to this COnsti-
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 declared to
be superseded hereby.
SEC. 2. Be it further enacted That it
shall be the duty of the Secretary of State to
publish the foregoing proposed amendment
in accordance with the provisions of article
two hundred and tifty-six of the Constitu-
ton. within nine.y days after the first day OF
January in the year eighteen hundred and
ninety y-One.
SEC. 3. Be it further enacted. That Mt
the next general election all elecfors who de
sire to vote fer said amendment shall write
or print upun their ballots the words. "For
the Levees, Schools, Charities. Pensions.
Drainage. Lotteries and General Fund
amendment" and all electors who desire to
vote at said election against said amendment
shall write or print upon their ballots the
words. Against the Levees, Schools Chari-
ties, Pensions. Drainage, Lotteries and Geu-
eral Fund amendment
Sec. 4. Be 1t further enacted. That all
officers charged with elections or the con
duct of the returns thereof under the general
election laws. shall at .he time they give no.
tice OF the said general election also give no
tlce of the election herein ordered for the
adoption or rejection of the proposed amend
mend, and shall without othe direction or
aul lro1ity than is herein contained make due
returns of said election in conformity with
the general election laws in so far as they
are not Inconsistent with or in conflict with
this act.
iSignedI S f. HENRY.
Speaker CT the House of Representatives
[Signed JAMES JLFFRIEs.
Lieut. Governor and President OF the Senate
~~ Witness my signature and the seal
LIS. of the State of Louisiana at the city
{ ~ )Of Baton Rouge, this 2Sth day of
August 1891.
L. +. MASON,
Secretary of State