Hospital Service District No. 2 Proposition
(Bond)
Shall St. Tammany Parish Hospital Service District No. 2 (the "District"), incur debt and issue bonds to the amount of not exceeding $23,110,000, in one or more series, to run not exceeding 20 years from the date thereof, with interest at a rate not exceeding 8% per annum, for the purpose of constructing, acquiring, extending and improving advanced surgical suites, intensive care and isolation patient rooms, new technology and cardiology services and related health care facilities of the District, and acquiring equipment and furnishings therefor, 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 estimated increase in the millage rate to be levied in the first year of issue above the 6.75 mills being levied to pay General Obligation Bonds of the District?