Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1892-01-23


I him or then, AID six other persons. sig
nifying their consent to form the cor
| pnr:it'on hereinafter named, Gnd the
said john 4. Morris shall lie herewith
his bnnt "i..i good aud solvent sura.i tie
residents Of this static. IN thc suta o. .ivp
million doll ,it. st:,l bond To he i'll favor
of a:d accepted i,t .hc hu .itor ni the
state; tie condition of said bu,.l shall
DC that the said Morris. his agents or
assigns. shall, pay to H., state Vi Louis
lana the said sum of tiirt;--unc million
two hundred and fifty thousand t,uiinrs
ut the dates and in the manner herein
set out aud shall faithfully perform ali
the obligations herein contained. and
thcreupen the persons S,gning the said
declaration shall be thereby constituted
corporation under the Ea;nr and title
OF The Louisiana Lottery Company"
whereof the capital stock si,al! be ike
million dollars, represented !r tiitv
thousand shares of one hundred dollars
each. nj least twenty Per cent. thereof
to he forthwith fii!:y l.,i'. up. a:,I whia..
corporation shall lie and continue DIR
ing the period OF this Contract. a:G shall
have all the rights and powers ,.u-scss-
ell by corporations generally Il; dclird
by the present Ctvil Code OF the State
and snail lie .ia''sg Cor the moneys here
in directed to be paid to the Treasurer
of the Statr. AMI for all prizes to lie
drawn in said lotteries, ana shall I've en-
titled 10 receive semi annually froru the
persons ronhii"i;uS TIA, business md.
this contract iif.y per cent. of lin. n.
profits OF ;ite saiI business. and in colt
sidera:ioa Of III" nl%NicEt q; said SAM
Of t.lirty-onc million tTu Hundred! and
fifty thousand ,!nl airs. III :.,S:a!In,ciits rs
aforesaid. said corporation AMI Che sii:,-
res OF STOCK therein and the bI-ine - arl-
thOrizcd by this contract AID Ike rcve-
nncs am! receipts thereof. shall be ok.
empt from all taxes. dues. asses :.uoi.,s
fmDosisious and licenses OF any kind
whatever. whether State. parish, NUM-
ciua1 Or otherwise. The powers Of said
corporation shall bc vested in i board OF
directors TO consist Of seven persons,
who may make anu establish rsiles and
by-!aw; for the proper management and
regulation Of lis affairs. The rcr-c.,
signing said declaration SHAH Institute
the first board Of directors and shall
serve for the term ~ one wear from the
time of the Alag OF said declaration and
until their successors are duly appoint
Cd.
All lotteries other than those author
lied by this article are prohibited in this
State, unless by similar amendment to
this Constitution and for not less than
one million two hundred and fifty thou
sand dollars per aunum. All provis-
ions of The Constitution and laws Of this
State inconsistent Or in any way cont!ic-
ting with this article are declared TO be
superseded hereby.
SEC. 2. Be it further ccactcl, That
1t shall be the duty of the Secretary of
State to publish the foregoing proposed
amendment in accordance with the pro-
visions of article two hundred and fifty
six Of the Constitution. within ninety
days after the first day Of January in the
year e @htecn hundred and ninety-ore
SEC. 3. Be il further enacted, That
at the next general election all electors
who desire to vote for said amcnumen:
shall write Or prin. upon their ballots
the words. ''For the Lcvces. Schools,
Charities, Pensions. Drainage. Letter
les and General Fund ameud,nent,' and
MI electors who desire to vote ut said
election against said amendment shall
write or print upon their ballots the
words. Against the Levces. Schools.
les and General Fund amendment
SEC. +. Be it further cnactei. That
all officers charged with elections or the
conduct OF the returns thereof under the
general election laws, shall ut the time
they give notice Of the said general cleo
ton also give notice Of the election
herein ordered Tor the adoption Or re-
lection 81 the proposed amendment. ana
shall without other direction or author
ity than is herein contained make due
returns of said election in conformity
with the general election laws in SO far
AS they are not iucousistant with or in
conflict with this act.
TSigncd] 5. T.. HENRY.
Speaker of the House of Representatives.
SiSncd1 JAMES JEFFRLES,
Lieut.. G ov. and Pre- st. of the Senate.
Witness my signature and the seal Of
the State of Louisiana at the city of Ba-
ton Rouge, this 29th day Of August,
1881.
sea} srcnr 4; Fl; a ah s2S4r.