Page:Federal Reporter, 1st Series, Volume 1.djvu/446

438 FEDERAL REPORTER. �of the state, and to authorize the incorporation and establish- ment of the Louisiana State Lottery Company, and to repeal certain acts now in force." �The first section is as follows: "That, whereas, many mil- lions of dollars have been withdrawn from and lost to this state by the sale of Havana, Kentucky, Madrid and other lottery tickets, policies, combinations and devices, and frac- tional parts thereof, it shall hereafter be unlawful to sell, oflfer or expose for sale any of them, or any other lottery, policy, or combination ticket or tickets, devices or certificates, or fractional parts thereof, exceptin such manner and by such persons, their heirs, executors or assigns, as shall be herein- after authorized." �The second section declares that certain persons named "are hereby constituted and declared a corporation for the ob- jeets and purposes, and with the powers and privileges, herein- after specified and set forth," and then follow "articles of incor- poration," which declare, among other things : "The objects of and purposes of this corporation are — First, the protection of the state against the great losses heretofore incurred by sending large amounts of money to other states and foreign countries, for the purchase of lottery tickets and devices, thereby im- poverisbing our own people ; second, to establish a solvent and reliable home institution for the sale of lottery, policy and combination tickets, etc., at terms and priees in just propor- tion to the prizes to be drawn, and to ensure perfect fairness and justice in the distribution of the prizes; third, to provide means to raise a fund for educational and charitable pur- poses for the citizens of Louisiana," �The articles also provide that the corporation shall pay to the state of Louisiana $40,000 per annum, to be credited to the educational fund. The third section of the act imposes a penalty on any person for selling or ofïering for sale any lot- tery tickets in violation of the act. The fourth section grants to the corporation the exclusive privilege, for 25 years, of establishing a lottery and selling tickets. The seventh sec- tion repeals certain laws, namely: An act, passed Pebruary 17, 1866, entifcled "An act to lieense the vending of lottery ��� �