The Edmond Sun
EDMOND
May 10, 2008 09:49 pm
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The Oakdale C-29 School District has called a special election for Tuesday to consider the following propositions:
Proposition No. 1
“Shall Elementary School District No. 29 of Oklahoma County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Two Million Seven Hundred Thousand Dollars ($2,700,000) to be issued in series to provide funds for the purpose of constructing, equipping, repairing and remodeling school buildings, acquiring school furniture, fixtures and equipment and acquiring and improving school sites, and levy and collect an annual tax, in addition to all other taxes, upon all the taxable property in such District sufficient to pay the interest on such bonds as it falls due and also to constitute a sinking fund for the payment of the principal thereof when due, said bonds to bear interest at not to exceed the rate of ten (10%) percentum per annum, payable semi-annually and to become due serially within five (5) years from their date?”
Proposition No. 2
“Shall Elementary School District No. 29 of Oklahoma County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Four Hundred Thousand Dollars ($400,000) to provide funds for the purpose of purchasing transportation equipment, and levy and collect an annual tax, in addition to all other taxes, upon all the taxable property in such District sufficient to pay the interest on such bonds as it falls due and also to constitute a sinking fund for the payment of the principal thereof when due, said bonds to bear interest at not to exceed the rate of ten (10%) percentum per annum, payable semi-annually and to become due serially within five (5) years from their date?”
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