East Baton Rouge Parish

For the purpose of assisting the East Baton Rouge Parish School Board (the "School Board") in funding repairs and renovations, enhancing technology, construction of new classrooms and construction of new schools in the public school system in the East Baton Rouge Parish Educational Facilities Improvement District, Louisiana (the "District"), as set forth in and subject to "A Plan to Improve Facilities/Technology, Discipline and Compensation in the East Baton Rouge Parish School System" (the "Plan") originally approved by the School Board on August 13, 1998 as revised through January 10, 2008, shall the District, under La. R.S. 33:2740.37 and other constitutional and statutory authority, be authorized to continue to levy and collect a tax of not to exceed fifty-one hundredths of one percent (0.51%) (the "Tax") (an estimated $38,900,000 is reasonably expected at this time to be collected from the levy of the Tax for an entire year), 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, as defined by law, for a period ending ten (10) years from the Tax's new effective date, except that the sale at retail, use, consumption, distribution, and storage for use or consumption of food and prescription drugs shall be exempted from the Tax, with tax proceeds (after paying costs of collection and administration) to be dedicated for the purposes listed above; provided that the District may only levy so much of the Tax to fund portions of the Plan not requiring approval of the federal court or for which such approval has been received?

For the purpose of assisting the East Baton Rouge Parish School Board (the "School Board") in improving the educational environment for all students of the East Baton Rouge Parish School System by improving discipline, providing for alternative education and reducing truancy in public schools in the East Baton Rouge Parish Educational Facilities Improvement District, Louisiana (the "District"), as set forth in and subject to "A Plan to Improve Facilities/Technology, Discipline and Compensation in the East Baton Rouge Parish School System" (the "Plan") originally approved by the School Board on August 13, 1998 as revised through January 10, 2008, shall the District, under La. R.S. 33:2740.37 and other constitutional and statutory authority, be authorized to continue to levy and collect a tax of not to exceed eight hundredths of one percent (0.08%) (the "Tax") (an estimated $6,100,000 is reasonably expected at this time to be collected from the levy of the Tax for an entire year), 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, as defined by law, for a period ending ten (10) years from the Tax's new effective date, except that the sale at retail, use, consumption, distribution, and storage for use or consumption of food and prescription drugs shall be exempted from the Tax, with tax proceeds (after paying costs of collection and administration) to be dedicated for the purposes listed above; provided that the District may only levy so much of the Tax to fund portions of the Plan not requiring approval of the federal court or for which such approval has been received?

For the purpose of assisting the East Baton Rouge Parish School Board (the "School Board") in increasing compensation of the School Board's teachers and other school system employees in the East Baton Rouge Parish Educational Facilities Improvement District, Louisiana (the "District"), as set forth in and subject to "A Plan to Improve Facilities/Technology, Discipline and Compensation in the East Baton Rouge Parish School System" (the "Plan") originally approved by the School Board on August 13, 1998 as revised through January 10, 2008, shall the District, under La. R.S. 33:2740.37 and other constitutional and statutory authority, be authorized to continue to levy and collect a tax of not to exceed forty-one hundredths of one percent (0.41 %) (the "Tax") (an estimated $31,300,000 is reasonably expected at this time to be collected from the levy of the Tax for an entire year), 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, as defined by law, for a period ending ten (10) years from the Tax's new effective date, except that the sale at retail, use, consumption, distribution, and storage for use or consumption of food and prescription drugs shall be exempted from the Tax, with tax proceeds (after paying costs of collection and administration) to be dedicated for the purposes listed above?

Shall the Zachary Community School District No. 1, State of Louisiana (the "District"), incur debt and issue bonds to the amount of Twenty-Five Million Dollars ($25,000,000), to run twenty (20) years from date thereof, with interest at a rate not exceeding nine per centum (9%) per annum, to be sold at par, premium or discount, 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 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?