THE ISSUANCE OF $9,500,000 OF BONDS FOR THE CONSTRUCTION, ACQUISITION, REHABILITATION, RENOVATION, EXPANSION AND EQUIPMENT OF SCHOOL BUILDINGS (WITH PRIORITY GIVEN TO CLASSROOM ADDITIONS, FACILITY UPGRADES AND REPLACEMENT OF THE DISTRICT’S SEPTIC SYSTEM WITH A WASTEWATER TREATMENT PLANT), THE PURCHASE OF NECESSARY LAND FOR SUCH BUILDINGS AND THE PURCHASE OF NEW SCHOOL BUSES, AND THE LEVY AND IMPOSITION OF TAXES SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS. THIS IS A PROPERTY TAX INCREASE.