The Enid News and Eagle, Enid, OK

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Discussion

December 9, 2007

Wording given for 2 Enid school bond propositions

Following is the exact wording for the two school bond issues for Enid Public Schools to be voted on Tuesday. A yes vote is for the proposition, a no vote is to reject it.



Proposition No. 1



“Shall Independent School District No. 57 of Garfield County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Ten Million Nine Hundred Twenty Five Thousand Dollars ($10,925,000) 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 ten (10) years from their date?”



Proposition No. 2



“Shall Independent School District No. 57 of Garfield County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Six Hundred Thousand Dollars ($600,000) 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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