Extracting one-hot vector from text
There are various packages that will do all the steps in a single function such as http://scikit-learn.org/stable/modules/generated/sklearn.preprocessing.OneHotEncoder.html.
Alternatively, if you have your vocabulary and text indexes for each sentence already, you can create a one-hot encoding by preallocating and using smart indexing. In the following text_idx is a list of integers and vocab is a list relating integers indexes to words.
import numpy as np
vocab_size = len(vocab)
text_length = len(text_idx)
one_hot = np.zeros(([vocab_size, text_length])
one_hot[text_idx, np.arange(text_length)] = 1