The Bossier banner., 1891-12-03

State for three months preceding the general
election for Representatives, and which pro
posed amendment more fully appears i'll 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 elec
tion, which will be held on Tuesday, the 18th
day of April, 1892, lit being the Tuesday next
the third Monday of said month"; 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 al
said election shall approve and ratify said pro
posed amendment, then such proposed amend
ment, SO approved and ratified, shall become
a part of the Constitution of this State.
AN ACT mo. 15S.
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 "an Brticle on
Levees, Schools, Charities, Pensions,
Drainage Lotteries and General Fund"
Section l. 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 wo-hundFed
and ffty-six of the Constitution. and if adopt
ed the said amendment shall read as follows
ARTICLE ON LEvEEs, SCHOOLS, CHARITIES, PEN
sIoNs, DRAINAGE, LOTTERIES AND
GENERAL FUND.
In aid of the levees schools, charities, pen
siOns, 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
A. Norris. his heirs, agents and assigns, are
hereby authorized and empowered for the term
Of tive tv-fiy 6ax- 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 eQnaL instalments,
whereof eRch installment shall be paid on or
before the first days of January, April, July
and October in each and 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 shall 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 ievee 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
advance, as above provided, of which sum
eighty thousand dollars shall be applied TO
the hospitals established by the State; forty
thousand dollars to State insane asylums;
. l..
tlons for the deaf, dumb and bintiy five thou
sand dollars to the Soldiers Home.
To PEnsIONs.-Fifty Thousand dollars an
nually, payable quarterly in advance, as above
provided, to the pensoning of disabled, imtirm
or INDECENT Confederate soldiers, citizens re.
sident in Louisiana.
To THE CTTY OF NEW ORLEANS FOR DRAIN
AGE AND OTHER SANITARY PURPOSES. One
hundred thousand dollars annually, payable
quarterly i'll advance, as above provided the
expenditure of said sum and the management
and the control of the same to be determined
by the General Assembly, which is hereby
directed to carry into effect this provision by
appropriate legislation.
10 THF GENERAL FUND.-TwO hundred and
htty thousand dollars annually. PAYABLE QUAR-
III advance, as above provided.
The several sums of money above specified
shall be devoted to the objects and purposes
hereinbefOre stated, and the General Assem-
provision by appropriate legislation.
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 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 in the office of the
Secretary OF State declaration in writing.
signed by him or them and six other persons,
slgnlfylng 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 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
tue SAD 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 aud shall faithfully perform
all the obligations herein contained; and there
upon the persons signing the said declaration
shall be thereby constituted corporation
under the name and title of 'tThe Louisiana
Lottery Company" whereof the capital stock
snail be fve million dollars represented nv
nifty thousand shares Of one hundred dollars
each, at least twenty per cent. thereof to be
forthwith fully paid up, and which corporation
oh"'iA 10 anu COHbluut uuFlOg Gn6 period of this
contract,'and shall have all the rights and
powers possessed by corporations generally as
dehned by the present Civil Code of the 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 shalt be entitled to receive semi annually
from the persons conducting the business un-
der this contract fifty per cent, of the net
pfohts 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 lnstallments as aforesaid, said corpOra
tton and the shares of stock therein and the
business authorized by this contract and the
revenues and receipts thereof, shall be exempt
from all taxes, dues, assessments, imposltions
and licenses of any kind whatever. whether
state, parish, municipal or otherwise. The
powers OF said corporation shall be vested in 4
board OF directors to consist of seven persons
VINO may make and establish rules and by-laws
iOr the proper management and regulation Of
It's affairs. The persons signing said declara.
tlOn Shall constitute the first board Of directors
and shall serve for the term of one wear from
the time of the filing OF said declaration and
until their successors are duly appointed.
All lotteries other than those authorized nv
TINS article are prohibited in this State, unless
Dy similar amendment to this Constitution
and Tor not less than one million two hundred
and nifty thousand dollars per annnm. All
provisions of the Constitution and laws of fbis
State inconsistent or in any wav confietinO