Central Community School Board Proposition
(Bond)
Shall the Central Community School Board ("Board"), acting as the governing authority of the Central Community School System ("District"), incur debt and issue bonds to the amount of not exceeding $35,000,000, in one or more series, to run not exceeding 20 years from date thereof, with interest at a rate of not exceeding 7% per annum, for the purpose of financing capital expenditures for school purposes for the District, including constructing, acquiring and/or improving schools and other school related facilities, together with equipment and furnishings therefor, including, to the extent feasible, those specific school projects set forth in the "Capital Improvement Plan" approved by the School Board on January 13, 2025, 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 estimated increase in the millage rate to be levied in the first year of issue above the 23.65 mills currently being levied to pay General Obligation Bonds of the District?