School Board Election Cache

Shall Independent School District Number 1 of Comanche County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Twenty Five Million Eight Hundred Ninety Five Thousand Dollars ($25,895,000) 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 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?