The Bossier banner., 1891-11-05
SrATE nF FLouIsIANA.

|
! elected to each House of the General Assembly
| of this State, at the regular session thereof,
| held at the city of Baton Rouge, in the year
! $780, and which is required to be published for
the information of the qualified electors of this
| State for three months proceeding 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 iufOr-
| 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, tit being the Tuesday next
the third Monday of said monthl in, such man
ner and form that the qualified electors may
vote for or against said amendment; and if a
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. 153.
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 "ap Brticle on
Levees, Schools, Charities Pensions,
Drainage Lotteries and General Fund"
Section |. BE 1t 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 hfty-six of the Constitution. and if adopt
ed the said amendment shall read as follows:
ARTICLE ON LEvEEs, SCHOOLS, CHARITIES, PEN
sEONs, DRAINAGE. LOTTERIESA AND
GENERAL FUND.
In aJl 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. Morris, his heirs, agents and assigns, are
hereby authorized and empowered for the term
OF twenty-five years ensuing the first day of
January, 1884, to prepare schemes of lotteries,
to sell lottery tickets and to draw and cOndact
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 eTch 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 sh I'll 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 2T3 of the
Constitution.
TO CHARITIEs.-One hundred and fifty thou
sand dollars annually, payable quarterly iu
advance na ahDua f1aI ,c IL,
eighty thousand dollars shall be applied to
the hospitals established by the State; forty
Thousand dollars to State insane asylums;
twenty-five thOnsand dollars to State institu-
tIons for the deaf, dumb and blind; five thou
sand dollars to the Soldiers Home.
To PEnsIoNs.-Fitty Thousand dollars an
nnally, payable quarterly in advance, as above
pSovlded, to the penisOning of disabled, intirm
OF INDECENT Confederate soldiers, citizens re-
sident in Louisiana
To THE CITY OF New ORLEANS FOR DRAIN
AGE AND OTHER SANITARY PURPOSES. One
hundred thousand dollars annually, PAYABLE
quarterly i'll advance, above pr0vi iflcd the
expenditure ot said sum and the mana cement
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
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
hereinbefOre stated, and the General Assem-
bly, is hereby directed to carry into effect this
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 aeceptance bv 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
slgnedby him or them and six other persons
signifyng their consent to torEa the corporation
hereinafter named, and the said John A. Morris
shall file Herewith his bond with good and
solvent suretles, 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
the said Morris, his agents, or assigns shall
pay to the State Of Louisiana the said sun of
thirty one millions two hundred and fifty
thousand dollars at the dates and in the man.
ner 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 corporation
under the name and title of 1.-THE Louisiana
Lottery Company" whereof the capital stock |
shall be FIVE million dollars represented bv |
each, at least twenty per cent. thereof to be |
torthw 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 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 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- |
tion of the payment Of said sum of thirty-one |
million two hundred and fifty thousand dol |
lars, in installments as aforesaid, said corpora
tiOn 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 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 affairs. The persons signing said declara-
ton shall constitute the first board of directors
and shall serve for the term of enc year from /
the time of the filing of said declaration and |