The Houma courier. (Houma, La.) 1878-1939, 1892-01-23

SAID John A Morris, his heirs or agents.
shall within twenty days from the date Of the
adoption of this article, file in the Office of the
secretary OF State q written acceptance by
MN or them of this contract, and for the pro-
lection of the State and the security of the
public, this contract is made uDon the express
condition that said john A.. Morris, his heirs
or agents, shall within thirty days from the
date OF the adoption of this article file in the
office Of the Secretary of State a declaration
IN writing, signed by him or them and Six
other persons, signifying their consent to form
the corporation hereinafter named, and. the
said John A. Morris shall file Herewith his
oonu With good and solvent ~sureties, residents
or tins State, III the sum of five million dollars.
SAID bond to be IN favor of and accepted by
the Auditor OF the State the condition Of said
bond shall be that the said Morris, his agents
or assigns. shall pay to the State of Louisiana
ELIGs9la sim tthtstF-o one million two hundred
and fifty Thousand dollars at the dates and in
the manner herein set out and shall faithfully
perform all the obligations herein contitned :;
aud thereupon the persons signing the said
declaration shall be thereby constituted a
corporation under the name and title oft'Ehe
louisiana Lottery Company whereof the
capital stock shall b five million dollars. 10
presented by fifty thousand shares of one
hundred dollars each, at least twenty uer
cent. thereof to be forthwith fully paid IN,
aud which corporation shall be and continue
during the period OF this contract, and shall
A'' IL puO ltShtS dlu powers possessed DY
corporations generally as defined by the pre-
sent Civil Code of the State, and shall be
liahle Tor 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
be entitled to.Feeeive semi ANNUALLY from the
persons conducting the business under this,
CONTRACT nifty per cent. of the net profits of
the SAID BUSINESS, and iii consideration OF the
payment Of said sum of thirty-one million two
hundred ana fifty thousand dollars, in INSTALL
me1ts as aforesaid, said corporation aud the
sllafes OF stock therein and the business au-
tliOrized by this Contract and the revenues
ana receipts thereof, shall be exempt from all
taxes, dues, assessments, impOsitions and
licenses OF any kind whatever. whether State,
parish, municipal or otherwise, The powcrs
ofsaid corporation shall be vested in a board
Of directors to consist of seven persons. who
may make and establish rules and bylaws for
the proper management and regulation of its.
AFFAIRS. The persons signing said declaration
shall constitute the first board of directors and
shall serve for the term of one year from the
time of the filing ofsaid declaration and until
their successors are duly appointed.
All lotteries other than those authorized by
tins article are prohibited in this State, unless
ny similar amendment to this Constitution
anu LOT not less than one million two hundred
and fifty Thousand dollars per annum. All
provisions OF the Constitution and laws OF
thls State Inconsistent OF in any way conflict
ing with this article are declared to be super.
ceueu nefeOy.
Seq. Be it further enacted, That it shall
be the duty of the Secretary of State to pub
llsh the foregoing proposed amendment in
accordance with the provisions of article two
hundred and tifty-six of tho Constitution,
within ninety days after the first day Of
January in the year eighteen hundred and
ninety-one.
SEC 8. Be 1t further enacted, That at the
next general election all electors who desire
to vote for said amendment shall write or
print upon their ballots the words, ''For the
Levees, Schools Charities, Pensions, Drainage,
Lotteries and General Fand amendment
and all electors who desire to. vote at said
election against said amendment shall write
Or print upon their ballots the words,
Against the Levees, Schools, Charities, Pen.
siOns. Drainage, Lotteries and General fund
amendment"
SEC. a. Be it further enacted, That all
officers charged with elections or the conduct
J of the returns thereof under the general cleo
ton laws, shall ut the time they give notice
ECf the SAID gene al election also give notice of
the election herein ordered forthe adoption OF
| rejection of the proposed amendment, and
shall without other direction or authority than
J is herein contained make due returns of said
election in conformity with the general cleo
ton laws in Solar az they are moi inconsistent
with or incOnhict with this act.
~ESignedl 5 L. HENRY,
Speaker of the House of Representatives.
fSigned JAMES JEFFKtES,
Lieut.. Governor and President of the Senate.
Witness my signature and the seal of the
State OF Louisiana at the city 1T Baton Rouge,
this 18th day of august 1891
fSs L.. 4. 4AEtiN.
~ Secretary of State