The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1892-01-02

Louisiana Lottery Company whe eof the
capital stock shall be five million dollars, re-
presented by fifty Thousand shares of one
hundred dollars each, ut least twenty per
cer t. thereof to be forth nth fully pa,d mp
and which corporarlon shall he and continue
during the period of tins contract, ana shall
have all the rights and p9wers possessed by
corporations generally as defined hy the pre-
sent Civil Cote Of the State. and sh I'll be LA,
BILE for the morevs herein directed to he paid
to the Treasurer Of the State. aud for all
prizes to be drawn in said lotteries. and shall
bo entitled to receive semi annually from the
persons conducting the business under this
| 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 dollars, in
installments aforesaid, said corporation
and the shares of stock therein and the bust
ness authorized by this contract and the rev.
enucs and receipts thereof shall be exempt
from all taxes. dues assessments. imDosltiOns
and licenses of any kind whate yer. whether
State, parish municipal or otherwise. Tho
powers OF said corporation shall be vested
in a board of directors to consist of seven
persons, who may make and establish rules
and bylaws for the pro,er management and
regulation of its affairs. The persons 81 IN
ing said decfr?tian shall constitute the first
board OF directors and shall serve for the
term of one year from the time of the filing
"I Sa!u declaration ana until their successors
are duly appointed.
All lotteries other than those authorized
by this article are prohibited in this State,
dniesS by similar amendment to this COnsti-
tuition and for not less than million two
hundred and fifty thousand dollars per an
mum. All provisions of the Constitution and
laws of this State inconsistent or in any way
conflicting with this article are declared to
be superseded hereby.
SEC. ?. BE it further enacted, That it
shall he the duty of the Secretary of State to
publish the foregoing proposed amendment
III accordance with the provisions of article
two hundred and flty-six of the Constitu-
ton. within nine y days after the first day OF
January i'll the year eighteen hundred aud
ninety-one.
SEC. ). 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 all electors who desire 10
vote at snid election against said amendment
shall wllte or print upon their ballots the
words, Against the Levees. Schools, Chari-
ties. Pensions. Drainage, Lotteries and Geu
eral Fund amendment.
SEC. 4. Be 1t further enacted. That all
officers charged with elections or the con
duct of the eturns thereof under the general
election laws. shall at .he time they give no.
tice of the said general election also give no
tlce of the election nerein ordered for the
adoption or rejection of the proposed amend
mend. and shah without other direction or
aut hority than Is herein contained make due
returns of sailH election in conformity with
the general election laws III so far as they
are not inconsistent with or i'll conflict with
this act.
fSguedI S. f. HENRY,
Speaker CT the House of Representatives.
[Sgned 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 2Sth day OF
August 1891.
L. +. MASON,
Secretary of state