The Bossier banner., 1891-10-22

Guo IbAOEu1aLlOu OF the uual1u6A electors OF GnlS
| state for three months preceding the general
election for Representatives. and which pro-
! posed amendment more fully appears in act
| No. l53 of the Regular Session of 1890, which
is hereafter officially published for the infOr-
nation of the qualified electors of this State,
| and which will be submitted to them for their
| approval or rejection at the next general cleo
ton; which will be held on Tuesday, the 18th
| day of April 1892 lit being the Tuesday next
| the third Monday of said monthly in such man.
ner and form that the qualified electors may
| vote for or against said amendment; and if q
majority of the qualified electors voting at
said election shall approve and ratify said pro-
| posed amendment, then such proposed amend
| ment, so approved and ratified, shall become
part of the Constitution of this State.
AN ACT mo. I53
| Providing for the submission to the electors
of the State for adoption or rejection, an
amendment to the Constitution of the
State by inserting therein ian erticle on
LeVees, Schools, Charities, Pensions,
Drainage Lotteries and General Fund"
| Section |. Be it enacted by the General As
sembly OF the State of Louisiana, That the fol-
| lowing amendment to the Constitution of the
State be submitted to electors for approval or
| rejection, as provided in article two hundred
and fifty six of the Constitution. and if adopt
ed the said amendment shall read as follows ::
ARTICLE ON LEvEEs, SCHOOLS, CHARITIES, PEN
sEoNs, DRAINAGE. LOTTERIES AND
GENERAL FUND.
| In aid of the levees, schools, charities, pen
slOns, drainage and general fund hereinafter
named, the following contract is now made.
| IN consideration of the sum of thirty -one mil
lions two hundred and fifty dollars to be fully
secured and paid as hereafter provided, John
hereby authorized and empowered for the term
OF twenty-five years ensuing the first day of
January, 1894, to prepare schemes of lotteries,
| TO sell lottery tickets and to draw and conduct
lotteries in this State. Said sum shall be paid
| to the Treasurer OF the State by the persons
| conducting the business pursuant to this con-
| tract, in one hundred equal installments,
whereof eBch installment shall be paid on or
before the first days of January, April, July
and October in each aud every year during
said term; and the Treasurer upon the receipt
OF each of said installments shall apply the
same as follows:
To THE PUBLIC SCHOOLS OF THE STATE
Three hundred and fifty thousand dollars an
nually, payable quarterly in advance, as above
| provided, which sum sh Ill be distributed to
each parish in the proportion prescribed by ar
tIcle two hundred and twenty -four by this
Constitution.
To LEvEES.-Three hundred and fifty thou
sand dollars annually, payable, quarterly in
! advance, as above provided, which sum shall
be distributed among the Levee Districts of
the State or applied to levee purposes IN the
| proportions and in the manner provided by
| law for the distribution and application of the
one mill tax levied under Article 213 of the
Constitution.
To CHARITIEs.-One hundred aud fifty thou
sand dollars annually, payable quarterly in
| eighty Thousand dollars shall be applied rs
the hospitals established by the State; forty
| thousand dollars to State insane asylunls;
twenty-five Thousand dollars to State institu-
| t1Ons Tor the deaf, dumb aud blind; five thou
| sand dollars to the Soldiers Home.
| To PEnsIONs.-FifCy Thousand dollars an
nually, payable quarterly in advance, as above
| provided. tO the penisOning of disabled infirun
or INDECENT Confederate soldiers, citizens re-
| sident in Louisiana
To THE Cry OF New ORLEANS. FOR DRAIN
| AGE AND OTHER SANITARY PURPOSES One
hundred thousand dollars annually, payable
! quarterly IN advance, as above pro- i'd ii. the.
| expenditure of said sum and the management
| and the cOLLrUl OF the same tO he deter mined
| by the General Assembly, which is hereby
directed to carry into effect this provision by
appropriate legislation.
To THF GENERAL FUND.-TwO hundred and
fifty thousand dollars annually. payable quar-
| IN advance, as above provided.
The several sums Of money above specified
| shall be devoted to the objects and purposes
herein6efore stated, and the General Assem-
Dly Is hereby directed to carry into effect this
provision by appropriate legislation.
said John A. Morris, his heirs or agents,
snail within twenty days from the date of the
adoption of this article, file in the Office of the
| Secretary OF State a written acceptance By him
| or them of this contract and for the protection
of the State and the security of the public this
contract is made upon 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 10 the Office of the
| Secretary of State declaration in writing
III ~,
signifying their consent to torn the corporation
hereinafter named, and the said John A. Morris
shall file Herewith his bond with good and
solvent sureties, residents of this State, in the
sum of i've 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 the said sum of
thirty one millions two hundred and fifty
Thousand dollars at the dates and in the man
Der herein set out and shall faithfully perform
all the obligations herein contained; and there
upon the persons signing the said declaration
shall be thereby constituted q corporation
| under the name and title of "The Louisiana
Lottery Company whereof the capital stock
shall be five million dollars represented by
fifty Thousand shares of one hundred dollars
each, at least twenty per cent. thereof to be
forthwith fully paid up, and which corporation
shall be and continue during the period of this
contract, and shall have all the rights and
powers possessed by corporations generally as
defined by the present Civil Code Ofthe State,
and shall be liable for the moneys herein di-
reeted to be paid to the Treasurer of the State,
and for all prizes to be drawn in said lotteries.
and shall be entitled to receive semi annually
from the persons conducting the business un-
der this contract fifty per cent of the net
profits Of the said business, and in considera-
ton Of the payment of said sum of thirty-one
million two hundred and fifty thousand dol
lars in installments as aforesaid, said CORPORA
ton and the shares of stock therein and the
business authorized by this contract and the
| revenues and receipts thereof, shall be exemDt
from all taxes, dues, assessments, iInpOsltiOns
and licenses of any kind whatever. whether
state, parish, municipal or otherwise, The
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
Tor the proper management and regulation of
ITS anaire. The persons signing said deelara-
uOn shall constitute the first board of directors
and shall serve for the term of one year from
the time of the fling OF said declaration and
until their successors are duly appointed.
All lotteries other than those authorized hv
this article are prohibited in this State, nnlesa
0y similar amendment to this Constitution
ana Tor not less than one million two hnn6rod