The Bossier banner., 1892-01-28

Louisiana of the proposed amendment to the
Constitution of this State, which has been con
Cured in by two-thirds of all the members
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
1890, 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 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 1899, lit being the Tuesday next
the third Monday of said montht in such man.
ner and form that the qualified electors may
vOta 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
q 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 ian srticle 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 ofthe Constitution. and if adopt
ed the said amendment shall read as follows !:
ARTICLE ON LEvEEs, SCHOOLS, CHARITIES, PEN
sIoNs, DRAINAGE. LOTTERIES AND
GENERAL FUND.
Tn oil Of fha sobooIs ohar,tias nan
siOns, drainage and general fund hereinafter
named, the following contract is now made.
In consideration of the sum of thirty y-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, 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 each 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 TIE STATE
Three hundred and fifty thousand dollars an
nually, payable quarterly in advance, as above
provided, which sum sh IL be distributed to
each parish in the proportion prescribed by ar
tiele 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 Levce Districts of
the State or applied to levee purposes in the
proportions and i'll the manner provided by
| law for the distribution and application of the
mi cd Arti Inf fla
| Constitution.
To CHARITIES.-One hundred and 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;
twenty-five thousand dollars to State institu-
tions for the deaf, dumb and blind; five thou
sand dollars to the Soldiers Home.
To PEnsroNs-Fitty thousand dollars an
nually, payable quarterly in advance, rs above
provided, to the penisOning of disabled, intirm
or 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 in advance, as above provided, the
| expenditure of 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.
| TO THE 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
| ahnnfinu n pr ila in fIaC Cf4,ao f4
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. Norris 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 a declaration in writing
| signed by him or them and six other persons
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 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 sum Of
thirty one millions two hundred and fifty
| thousand dollars at the dates and i'm the man
Der herein set out and shall faithfully perform
all the obligations herein contained aud there
upon the persons signing the said declaration
shall be thereby constituted 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
orthwith 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 al
defined by the present Civil Code of the State
and shall be liable for the moneys herein di
rected 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 d
board of directors to consist of seven persons
who may make and establish rules and bylaws
for the proper management and regulation Of
its affairs. The persons signing said declara
tion shall constitute the first board of directors
and shall serve for the term of one year from