Washington Parish

Shall the City of Bogalusa, State of Louisiana (the "City"), under the provisions of Article VI, Section 29 of the Constitution of the State of Louisiana of 1974, and other constitutional and statutory authority, be authorized to continue to levy and collect a tax of one percent (1%) (the "Tax") for an additional five (5) year period, commencing June 1, 2007, upon the sale at retail, the use, the lease or rental, the consumption, and the storage for use or consumption, of tangible personal property and on sales of services in the City, all as defined in La. R.S. 47:301 to 47:317, inclusive, with the proceeds of the Tax (after paying the reasonable and necessary costs and expenses of collection and administering the Tax), to be dedicated and used for the following purposes: (i) fifteen percent (15%) for constructing, acquiring, improving, extending, maintaining and operating waterworks, sewers and sewage disposal facilities; (ii) twenty five percent (25%) for constructing, acquiring, improving, extending, maintaining and operating streets and drainage facilities; (iii) fifteen percent (15%) for expenditures for acquiring land, buildings, equipment and other permanent properties or for their preservation, development, operation or permanent improvement and for equipment maintenance; and (iv) forty-five percent (45%) to the City's General Fund for operation of the City, purchasing of supplies, paying utilities, insurance, salaries and any other lawful purpose; and shall the City be further authorized to fund the proceeds of the Tax into bonds to be issued from time to time for the purpose of construction, acquiring, extending and/or improving any capital improvements for the City, to the extent and in the manner permitted by the laws of Louisiana, including Sub Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, and other authority? (Estimated annual revenues: $2,000,000)