The Meridional. (Abbeville, La.) 1856-1906, 1891-12-26

and six other persons, signifying their con-
sent to form the corporation hereinafter
named, and the said John A. Morris shall
file Herewith his bond with good and solvent
sureties, residents of this state, in the sum
of fve million dollars, said bond to be in ia
vor of and accepted by the Auditor of the
state. The condition of said bond shall be
that the said Morris, his agents or assigns,
shall pay to the state OF Louisiana the said
sum of thirty -one million two hundred and
fifty thousand dollars at the date and in the
manner herein set out, and shall faithfully
perform ell the obligations herein contained,
and thereupon the persons signing the said
declaration shall be thereby constituted a
corporation under the name and title of
'The Louisiana Lottery Company" whereof
the capital stock shull be five million dollars,
represented by ftty 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 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, aud 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 thirty-one million two 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-
eeipts 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
vested in q board Of directors, to consist of
seven persons, who may make and establish
rules and bylaws for the proper manage
ment and regulation of its affairs. The per-
sons signing said declaration shall consti-
tute the first board of directors, and shall
serve for the term of one year from the time
of the fling of said declsra ion and until
their successors are duly appointed.
All lotteries other than those authorized
by this article are prohibited in this state,
unless 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.
Section U--Rs it further enacted, that it
shall be the duty 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. Ill. 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.
stFor the Levees, Schools, Charities, Pen
sions, 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, Charities, Pensions, Drainage, Lot
teries and General Fund amendment
Section ". Be it further enacted, That
all officers cgarged with elections or the
conduct of the returns thereof under the
general election laws, shall at the time
they give notice Of the said general elec-
tion 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
iu conformity with the general election
laws in so far as they are not inconsistent
with or in conflict with this act.
ISignedl s. P. HENRY.
Speaker of the House of Representatives
fSignedI JAMES JEFFRIEs.
Lieut. Governor and President of the
Senate.
(~~>) Witness my signature and the seal
: LIS. : of the State of Louisiana at the
1~-o) city of Baton Rouge, this 26th day
Of August, 1891.
T. F. MASON,
Secretary of State.
A Magnificent Offer.