District 2 and District 3 Bond Propositions


District 2 (Start)

Cost Estimate provided by Land 3 Architect, Inc.

SCHOOL DISTRICT NO. 2 OF THE PARISH OF RICHLAND, STATE OF LOUISIANA

PROPOSITION
(Millage)

Shall School District No. 2 of the Parish of Richland, State of Louisiana (the “District”) (through the Richland Parish School Board acting as the governing authority thereof), incur debt and issue bonds not exceeding One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) to run not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding five (5%) per annum (the estimated millage rate to be levied in the first year of issue is 10.5 mills), for purposes 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 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?


District 3 (Rayville/Holly Ridge)

Cost Estimates provided by Land 3 Architect, Inc.

SCHOOL DISTRICT NO. 3 OF THE PARISH OF RICHLAND, STATE OF LOUISIANA

PROPOSITION
(Millage)

Shall School District No. 3 of the Parish of Richland, State of Louisiana (the “District”) (through the Richland Parish School Board acting as the governing authority thereof), incur debt and issue bonds not exceeding Twelve Million Three Hundred Twenty-Five Thousand Dollars ($12,325,000) to run not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding five (5%) per annum (the estimated millage rate to be levied in the first year of issue is 11.79 mills), for purposes 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 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?