Ouachita Parish

Shall East Ouachita Parish School District of the Parish of Ouachita, State of Louisiana (the "District"), incur debt and issue bonds not exceeding Twenty Nine Million Seven Hundred Eighty Five Thousand Dollars ($29,785,000), 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, including, to the extent feasible, those specific school projects set forth in the "Capital Improvements Plan" approved by the Ouachita Parish School Board on April 17, 2007, and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public; 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?

Shall the Ouachita Parish Police Jury, as governing authority of the Parish of Ouachita, State of Louisiana (the "Parish"), be authorized to levy a special tax of eight and six tenths (8.6) mills on all property subject to taxation in said Parish for a period of five (5) years, beginning with the year 2007, and ending with the year 2011, for the purpose of improving, maintaining, operating and equipping the Ouachita Correctional Center, and, shall said Parish be further authorized to levy a special tax of six tenths mills (0.6 mills) on all property subject to taxation in said Parish for a period of five (5) years, beginning with the year 2007, and ending with the year 2011, for the purpose of making major improvements, repairs and/or renovations to the existing Ouachita Correctional Center buildings and structures together with the necessary equipment, furnishings and financing therefore? It is estimated (as of the date of this proposition) that the amount reasonably expected to be collected from the levy of the 8.6 mills tax above for the first year will be approximately $6,168,858, and the amount reasonably expected to be collected from the levy of the 0.6 mills tax above for the first year will be $430,385?