Lafourche Parish

Shall Consolidated School District No. 1 of the Parish of Lafourche, State of Louisiana (the "District"), incur debt and issue bonds not exceeding Eighty Million Dollars ($80,000,000), in one or more series, to mature not exceeding 20 years from date thereof, with interest at a rate or rates not exceeding 8% per annum, for the purpose of 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, acquiring and/or improving lands for building sites, playgrounds and athletic fields; including construction of necessary sidewalks and streets adjacent thereto; 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, with no increase in the estimated millage rate to be levied in the first year of the issue above the 11.2 mills currently being levied to pay General Obligation Bonds of the District?

Shall the Parish School Board of the Parish of Lafourche, State of Louisiana, under the provisions of Article VI, Section 29 of the Constitution of the State of Louisiana of 1974, and other constitutional and statutory authority supplemental thereto, be authorized to levy and collect a tax of 1% (the "Tax"), in perpetuity, from and after July 1, 2017, upon the sale at retail, the use, the lease or rental, the consumption, and storage for use or consumption of tangible personal property and on sales of services in the Parish (an estimated $14,000,000 reasonably expected at this time to be collected from the levy of the Tax for an entire year), all as defined by law, with the proceeds of the Tax (after paying the reasonable and necessary costs and expenses of collecting and administering the Tax), to be used to supplement other revenues of the School Board for continuation of instructional programs, supplemental services, for the payment of salaries of teachers in the schools of the Parish, for the expenses of operating said schools, including payment of salaries of other personnel employed by the School Board, but excluding salaries of the School Superintendent and School Board Members?