The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-12-05

Louisiana Lottery COMPANY whereof the
capital stock shall be five million dollars re-
presented by fifty thousand shares of one
hundred dollars each, at least twenty per
ce t. the' eof To be forth NTH fully r,,,ld M
and " hich co"pe rarion shall t,f. and continue
during he period of tins contract. and shalt
have al the rights and PAYERS possessed by
corporations generally as defined by The pre-
seat Civil Core Of the State. and sh I'll be la
BILE for the moreys herein directed to be paid
to the Treasurer of the State. aud for all
nrizes to be drawn in said lotteries, aud shall
he entitled TO receive semi annually from the
persons conducting the business undfr tnis
contract fifty per cent of the ret profits of
the said business. and in consideration of the
payment of said sum of thirty one million
two hundred and fifty Thousand dol ars, in
inst ailments as aforesaid, said corporation
and the shares OF stock therein and the husi
ness au hol lied by this contract and the rev
enufs and rereiptS thereof. shall be exenpt
from all taxes, dues assessments imDosltions
and licenses of any kind whate yer. whether
State, parish municipal or otherwise. The
powers of said corporation shall be vested
IN a board ot directors to consist of seven
persons, who may make and establish rules
AMI bylaws for the pro ,,ef mana cement and
regulation of it's affairs. The persons 81 m
ing said deelfr.tien shall constitute the first
board OF directors and shall serve for the
term of one year from the time of the filing
"a
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 III any way
conflicting with this article are declared to
be superseded hereby
SEC. >. BE it further epacte,i That it
shall he the duty of the Secretary of State to
nuoilsh the foregoing proposed amendment
in accordance with the provisions of art cle
two hundred and tifty-siX of the Consttn-
ton. within nine days after the first day ot
January in the year eighteen hnudre ana
ninety-one.
Sec. 3. Be it further enacted. That at
the next general election all electors who de
sire to vote for said amendment shall write
print upon their ballots the words s.For
the Levees, Schools, Charities Pensions
Drainage. Lotteries anu General Fund
amendment and all eectors who desire 10
vote at said election against said amendment
shall wiite or print upon their ballots the
words. Against the Levees. Schools, Ghari-
ties, Pensions. Drainage, Lotteries and Geu
eral Fund amendment.
SEC. t. Be 1t further enacted. That all
officers charged with elections or the con
duet of the returns thereof under the general
election laws shall at he time they give no.
tiee of tbe said general election also give no.
tIce of the election nerein ordered for the
adoption or rejection of the proposed amend
mend. and shall without othe- direction or
AM hority than is herein contained make cue
returns Of said election in conformity with
the general election laws IN so far az they
are not inconsistent with or in conflict with
this act.
lSignedI s. f. HENRY,
Speaker ef the House OF Representatives
ISigned JAMES JkFFRIEs,
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 18th day of
August 1891.
L. F. MASON
Secretary of State