Livingston Parish

Shall Sales Tax District No. 22 (Live Oak) of the Parish School Board of the Parish of Livingston, State of Louisiana (the "District"), under the provisions of Article VI, Section 29 of the Constitution of the State of Louisiana of 1974, Section 2721.6 of Title 33 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, be authorized to levy and collect, and adopt an ordinance providing for such levy and collection, a tax of one-half of one percent (1/2%) (the "Tax"), 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 District (an estimated $535,000 is reasonably expected at this time to be collected from the levy of the tax for an entire year), with the proceeds of the Tax (after paying the reasonable and necessary expenses of collecting and administering the Tax), to be expended within School District No. 22 of Livingston Parish, Louisiana ("School District No. 22"), to pay a portion of the costs of constructing and improving public school buildings and facilities therein and acquiring land, equipment and furnishings therefor, and shall the School Board be authorized to fund the proceeds of the Tax into bonds to be issued for any capital purposes of the District, to the extent and in the manner permitted by the laws of the State of Louisiana, including Sub-Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950 and/or use the proceeds of the Tax to pay any bonded or funded indebtedness of the District or School District No. 22?

Shall School District No. 1 of the Parish of Livingston, State of Louisiana be authorized to incur debt and issue general obligation bonds in the amount of Twenty-Six Million Dollars ($26,000,000), to be outstanding for a period of twenty (20) years from the date thereof, with interest at a rate not exceeding six and one-half percent (6.5%) per annum, for: construction of new school sites to include a new junior high and new elementary school, renovation, expansion and equipping of existing school buildings and other school related facilities within the District, including equipment, furnishings, fixtures and other improvements thereon incidental or necessary in connection therewith, including land acquisition, which bonds will be general obligations of the District and will be payable from ad valorem taxes in an amount sufficient to pay principal and interest and redemption premiums, if any, on such bonds as they mature, 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?