Webster Parish

Shall School District No. 6 of the Parish of Webster, State of Louisiana (the "District"), incur debt and issue bonds to the amount of Thirty-Three Million Six Hundred Five Thousand Dollars ($33,605,000) in one or more series, to run twenty-five (25) years from date thereof, with interest at a rate not exceeding eight per centum (8%) per annum, for the purpose of acquiring and/or improving lands for building sites and playgrounds, including construction of necessary sidewalks and streets adjacent thereto; purchasing, erecting and/or improving school buildings and other school related facilities within and for the District and acquiring the necessary equipment and furnishings therefore, title to which shall be in the public, including, to the extent feasible, those school projects set forth in the Report of the Webster Parish School District No. 6 Planning Committee approved by the Webster Parish School Board on November 3, 2003, which bonds will be general obligations of the District and will be payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974, and statutory authority supplemental thereto, provided that the District shall not be authorized to issue such bonds unless the Sales Tax Proposition for Sales Tax School District No. 6 is approved by the electorate?

In the event that the Bond Proposition of School District No. 6 is approved by the electorate, shall Sales Tax School District No. 6 of the Parish of Webster, State of Louisiana (the "District"), be authorized to levy and collect a tax of one-half of one percent (1/2%) (the "Tax"), for a period of twenty-five (25) years from the date of the first levy, upon the sale at retail, the use, the lease or rental, the consumption and storage for use or consumption of tangible personal property and upon the sale of services in the District, as defined in La. R.S. 47:301 through La. R.S. 47:317, inclusive, with the avails or proceeds of said Tax (after paying the reasonable and necessary costs and expenses of collecting and administering the Tax) to be dedicated and used solely for the purpose of constructing, acquiring, improving, equipping, furnishing and/or maintaining schools and school related facilities in the District, including, to the extent feasible, those school projects set forth in the Report of the Webster Parish School District No. 6 Planning Committee approved by the Webster Parish School Board on November 3, 2003, and shall the District be further authorized to fund the proceeds of said Tax into bonds for the aforesaid capital purposes, to the extent and in the manner permitted by the laws of Louisiana, including particularly, Sub-Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950?