The Colfax chronicle., 1891-11-14
OIL XVI SATURDAY,

the persons signing the said declaration
stall be- thereby csrstitaed corporation
under the name aud title Of "Tns I.Oais-
lana Lottery COMPANY, ;" whe,eni the cap
itai stock shall be fivo million dollars,
represented BY fifty thpus,nl shares OF
one hundred dollars ea~h, at least tweaty
per cent. thereof to b- forthwith fully paid
up. and which corporation snail be- aid
Continue during the period of this con-
tract. aad shall have ali the ri hts aud
powers possessed BY corporations seiler-
ally a. defined by tho present ,iv:i Cods
Of the State. and shall be liable for the
moneys he e,n directed to be paid to tlis
Treasurer Ut the State. and for all p, ises to
b. drawn In said lUttsries and shall lie
entitled T., rrcsive solni-snnualiy from The
persons conducting the business under
this Contract fifty per cent of TIL net
profits Uf the said business. aud In c0nsid-
Grafton of the payment Of sud sum of
thirty-One million two hundred aud fitty
Thousand dollars, ia instsilsnanss IN aforo-
said. said corporation and tho sharrs of
stock therein nnd the business authd II. d
BY this contract and the revenues aud
receipts therfaf, shall 10 exempt .r0mi all
taxes, dues, ssses-snsnts. imp,sitions aud
licenses Of any kind whatever, whether
State. parish. municipal or otherwise The
p0wets Of said corporation shall be vested
IN n board Of directors to consist of seven
pc: Sous, who may make and estAbiis.,
rules aud by Jaws for the proper manage
iaent ard regulation Of its affairs. The
persons signing said declaration shall con.
stitute the first board Of directors and
shall serve for tue term one year fr,m the
time If the filing of said declaration and
uutil their successors are du.y appointed
all lotteries other than those authorized
by this urticie ars prohibited in this State,
unless by similar amendment to this Com
stitunon and for not less than one million
two hundred and fifty thousand dollars
per annum. All provisions Of the Cnnaii-
tutiUn and laws Of this State inconsistent
or in any way conflicting with this article
are declared t. be superseded he' cby.
SIC. Z b. it further euacted. That it
shall he the duty of the Secretary of State
to publish the foregoing in accordance
with the provisions of article two hundred
and fi'ty-six OF the Constitution, within
ninety days after the first day II january
IN the year eighteen bundled and ninety
one.
SEC. 3. Be it further enacted, Tuat at
the next general election sll electors who
desire t, vote for said amendment sail
words, 'fov the Levecs, Sclsools, Charities,
Pensions. Drsinage. Lotteries and Gonerai
Fund am. ndnent. and all electors who
desire to vote at said election against sail
amendment shall write oi v,int upon tli.ir
ballots the words. against th- Lsvees,
6chonls, Charities. Pensi ca, Drainage.
0tteries aud General Fand aulendm nj. >
SIC I BE it further enacted That all
officers charged with elrctions or the CON-
duct of the returns thereof nL,i-r the gem
eral election laws, shall at tho time they
gi.e notice OF tue said general election slso
give notice nf .hc election herein "rtler ID
for the adoption or rejection If tho pro-
posed amendment. and shall without other
direction or authority than IL herein cos-
tained make due returns Of raid clecti N
in CO o'formity with the general eivcfi0n
laws 10 20 faf as they are uot Inconsistent
with o. in conflict ith this act.
8 SigredI .. p. HENRY,
speaser Of the House of Ropr. 70, tatives.
CSigued1 JAMES JEfFKIES.
Lieut. Gov. and Pres dent Of the senate.
Witness m, signature and the seal If
the State Of Louisiana ut the city of Baton
Rouge. this 29th day of August 1891.
rs.., l.. +. MASON,
e'1 Secretary of State