The Meridional. (Abbeville, La.) 1856-1906, 1891-11-07

ana SIX O6n6r persons, 6igni1yiDE their con
sent TO form the corporation hereinafte
named, and the said John A. Morris shsI
| file Herewith his bond with good and solven
! sureties residents of this state, In the sun
/ of fye million dollars, said bond to be in ia
vor of aud accepted by the Auditor of tn
/ state. Fae condition of said bond shall bj
that the said Morris, his agents or assigns
! shall pay to the state of Louisiana the sait
! sum of thirfy-one million tWo hundred ant
| fifty thousand dollars at the date and in the
| manner herein set ont, and shall faithfully
| perform all the obligations herein contained
and thereupon the persons signing the sait
declaration shall be thereby constituted /
corporation under @the name aud title O.
tine Louisiana Lossery Company" Whereo
the capital stock sh zoe five million dollars
represented By fiftSshousand shares of one
hundred dollars each, at least twenty pei
cent. thereof to be forthwith fully paid up
and which corporation shall be and contiaut
during the period OF this contract, and shall
have all the rights and powers possessed by
corporations generally as defined by the
present civil 9de of the state, and shall be
liable for the moneys herein directed to be
paid TO the ISz9asurer of the state, and for
all prizes to be drawn in said lotteries, and
shall be entlted to receive semi-annually
from the persons conducting the busines.
under this contract fifty per cent. of the net
profits Of The said business
Aud in consideration of th payment OF
said sum of thirty-one fniliiSn two hundred
and fifty thousand dollars in ias@ilments as
aforesaid, said corporation and tue shares of
stock therein, anu the business ,aathoriZad
by this contract, and the revenues and re
ceipts thereof, shall be exempt from all taxes,
fiues, assessments. impositions and licenses
oil 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 and bylaws for the proper rnanaga-
ment and regulation Of lis affairs. The per-
sons signing said declaration shall consti-
tute the FIRST board of directors, and shall
serve for the term of ole year from lhe tlmt
Of the fling of said declara i'm and until
their successors are duly appointed.
ALI lotteries other than those authorized
BY this article are prohibited in this state.
anless by similar amendment to this coasti-
tution and for not less than one million two
hundred and ffry Thousand dollars per an.
nun. Ali provisions OF the consti tution and
laws of this state inconsistent or in any way
conflicting with this article are declared t.
be superseded hereby.
Section II --R4 it further enacted, that it
shall be The dusy OF the Secretary of State
to publish the foregoing proposed amends
in accordance WITH the provisions oi
article two hundred and ffty-six OF the cnn-
stitution within ninety days after the first
day OF otJinnary IN the year eighteen hundred
and ninety-one.
IA : 6
at the nextgeneral election all electors who
desire to vote for said anendment shsti
write or prin upon their ball It's he words.
s'For he l.eve4s. Schools, ChartIies, PEN
slons Drainage Lotteries and Genera
Fund amendment and all eIec ors who
desire to vote at said e;ection against il
amendments shall write or print upon their
ballots the words. "Against the Levees,s
Schools. Chsri irs, Pensions, Dhainagr, Lot
teries and Geaeral Fand amendment
Section. lV.Beit further enacted, That
all Office 8 arged witla elections or the
condnct of the returns thereof under the
general election laws, shall at the tine
they give notice of the sid general cleo
ton also give notice OF The election herein
ordered forsths adoption or rriecti d of the
proposed amendment, and shall wi,hou,
other direction or authority than is herein
contained make due rptnrns Of said election
iu conformity with the general election
laws in SO far as they are not inconsistent
with o. 10 conflict with this act.
fSignedl S. p. HENRY N
Speaker of the House of Representatives
tSignedI JAMES JEFFRIES.
Lieut. Governor and President of the
Senate.
(~e-o) Witness my signature and theseal
LIS. of the State of Louisiana at the
(~or~) city of Baton Rouge, this 18th day
of August, 1891.
+. +. MASON,