The Meridional. (Abbeville, La.) 1856-1906, 1891-10-17
named, and the said John A. Morris shall
Rle theraWithhis hnnd with good and snIuant

sureties. Residents OF this state, in the sum
Of five million dollars, said bond to be in fla.
vor OF and accepted by the Auditor of the
state. The condition of said bond shall be
| that the said Morris, mis- agents or assigns
| shall pay to the state of Louisiana the said
| san of thirty-one million two hundred and
fifty Thousand dollars at the date and in the
manner herein set out, and shall faithfully
perform all the obligations herein contained
and tnereupon the persons sigaing the said
declaration shall be thereby cons ssituted q
corporation under the name and title of
The Louisiana Lottery Company" whereof
Gne capital stock shall be five million dollars
represented by dfty thousand shares of one
hundred dollars each, at least twenty per
cent. thereof to be forthwith fully paid M.
aud which corporation shall be and continue
during the period of this contract, and shall
nave all the rights and powers possessed by
corporations generally as defined by the
presenL civil code of the state, and shall bc
liable for the moneys herein directed to be
paid to the Treasurer of the state. and 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 nifty thousand dollars in installments as
6toresaId. sald corporation and the shares of
Stock therein, and the business authoriz I'd
oy TINS contract. and the revenues aud re
cslpts thereof, shall be exempt from all taxes.
dues, assessments, impositions and licenses
OF any kind whatever, whether state, parish,
municipal or otherwise.
Ene 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 mansge-
ment and regulation of Its affaifs. 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 filing OF sad declara ion and until !
their successors are dnly appointed.
Ali lotteries other thaa those authorized |
oy TINS article are prohibited in this state |
unless by similar amendment to this coasti- [
tuition and for not less than one million two |
hundred aud fifty thousand dollars per an. |
mum: All provisions OF thu constitution and |
laws OF tn's state inconsistent or in any way |
conflicting with thla article are declared to |
be superseded hereby.
Section lI--Rs it further enacted, that it |
shall be the duty ot the Secretary of State |
70 publish the foregoing proposed amend |
meut In accordance with the provisions Of I
Article two hu1fred and fifty-six of the con- |
stitutiou within ninety days after the first \
day Of Jtnnary, in the year eighteen hundred !
and ninety-one.
s Section. Ill. BE it fttrther enacted That I
1T the next general electino all electors who
desire to vote for said amendment shall |
write or print upon their ball It's the words. /
For the Leyees, Schools. CharlLias. PEN +
sions. Drainage. LOTTERIES and General
Fund amendment and all elec ors who
desire to vote at aaid e'ecfion against said
shall write or print upon thsir
ballots the words .s1tgainst the Levees.
Schools, Chari les, Pensions, Drainage, Let
'eries and Ge'4ral Fund amendment
See,ibn. Hi. Ae it further enac1ed, That
III officers charged with elections or the
'onduc of the returns thereof under the
general election laws, shall ut the ii ne
hey give notice of the sid general cleo
ION also give notice of the election herein
'rdered for the adoption or rejection of the
proposed amendments, and shall without
'ther direction or authority than ic herein
make due returns OF said election
u conformity with the general election
avs in SO far as they are not inconsistent /
With o. ln conflict with this act.
SIgned1 s. P. HENRY.
Speaker of the House of Representatives.
Signed JAMES JEFFRIEs.
lieut. Governor and President of the
,enate.
~ Witness my signature and the
LIS. OF the State of Louisiana at the
~ city of Baton Rouge, this 26th day
OF August 1891.
L. F. MASON,
Secretary Of State |