The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1892-01-23

Louisiana Lottery Company whet eof the
capital stock shall be five million dollars re-
presented by fifty thousand shares of one
hundred dollars each. at ieast twenty per
cei I. thereof to be forth sifh fully ,all up
and which corporation shall he and continue
during he period of tins contract. ANA shalt
have all the rights and powers possessed by
corporations generally aS defined by the pre-
sent Civil cese ef the State. and sh Ill he la,
BILE for the moneys herein directed to be paid
to the Treasurer of the State. and for all
prizes to be drawn in said lotteries, aud shall
bo entitled to receive semi annually from the
persous conducting tue business under tnis
contract fifty per cent OF the ret profits OF
the said business, and in consideration OF the
payment of said OF thirty one million
two hundred and fifty thousand dollars in
ms ailments as aioresa said corporation
and the shares vi stock therein and the busi
ness utholized by this contract and the rev
enues and reeeipts thereof. shall be exempt
from all taxes. dues assessments. imposItions
and licenses OF any kind WHAT yer. whether
State. parish municipal or otherwise. Tho
powers of said corporation shall be vested
in board ot directors to consist of seven
persons, who NAV make and esl ahlish rules
and bylaws fo: the pro ,er management and
regulation of its affairs. fte persons 81 IN
ing said dtcler.tion shall constitute the first
board of directors and SHALL serve Tor the
term of one year from the time of the filing
are duly appointed.
All lotteries other than those authorized
by this article are prohibited il this State
aness by similar amendment to this Cousti-
tution aud for not less than million two
hundred and fifty thousand dollars per an
num- All provisions oi the Constitution aud
LAWS of this State inconsistent or IN any way
conflicting with this article are declared to
be superseded hereby.
SEC. . BE il further eDaeted. That ii
shall be the duty of the Secretary of state to
pnolish the foregoing proposed amendment
in accordance with the provisions of art cle
two hundred and ffty-six of the Constitu-
| tion. within nine days utter the first day 81
January IN the year eighteen hundred ard
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
or print upun their ballots the words "For
| the Levees, Schools. Charities. Pensions
Drainage Lotteries and General Fund
amendment and AL e eetors who desire tC
vote at sid election against said amendment
shall write or print upon their ballots The
| words Against the Levees. Schonls. Chair
ties Pensions. Drainage, lotteries and Geu
erai Fund amendment;
SEC. 4. Be II further enacted. That all
officers eharge, with elections or the con
duet Of the leturns thereof under the genera
e lection laws. shall at he time they give no
tIee OF me said general ele.ton also give no
tiee of the election herein ordered for ths
adoption rejection of the proposed amend
mend. and shall without othe' direction ol
aut hority than is herein contained make due
returns of said election in conformity will
the general ei-etion laws III SO far they
are not Inconsistent with or in csptiet witt
this act.
ISiguedi $. +. HENRY.
speaker ef the. House of Representatives
fSirned JAMES JtFFRiEs.
Lieut. Governor and President ot the Senate
~ Witness my signature and the sea
LIS of the State OF Louisiana ut the cit
{>-- OF Baton Rouge, This 18th day o
August 1901.
l. F. MASON.
Secretary OF STA