Washington Parish

Shall Consolidated School District No. 4 of the Parish of Washington, State of Louisiana ("the District"), incur debt and issue bonds not exceeding Twenty-Eight Million Dollars ($28,000,000), in one or more series, to run not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding eight per centum (8%) per annum, to be sold at par, premium or discount, for 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 necessary equipment and furnishings therefor, title to which shall be in the public; which bonds will be general obligations of the District and 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 an estimated increase of thirteen and eighty-five hundredths mills (13.85) to be levied in the first year of issue above the 16 mills currently being levied to pay General Obligation Bonds of the District?