Williams School District Bond Measure (November 2011)
This measure was defeated
- YES 376 (46.42%)
- NO 434 (53.58%)
This measure sought to issue a bond in the amount of $5 million in order to pay for construction costs of new facilities, site upgrades and improvements as well as buying new buses for the district.
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Shall Williams Unified School District No. 2 of Coconino County, Arizona (the "School District"), be authorized to issue and sell school improvement bonds of the School District in the form of class B general obligation bonds in the principal amount of not to exceed $5,000,000 for the purpose of raising money for purchasing or leasing school lots, building or renovating school buildings, supplying school buildings with furniture, equipment and technology, improving school grounds, purchasing pupil transportation vehicles and providing for other general capital expenses or for liquidating any indebtedness already incurred for such purposes for paying all legal, financial, engineering, architectural, project management and administration and other necessary costs in connection therewith and, in connection therewith as necessary, to purchase school sites and build school buildings, said bonds and any bonds issued to refund such bonds to be sold for prices which may include premium in amounts permitted by applicable law and to be refundable by the issuance of refunding bonds of a weighted average maturity of less than 75% of the weighted average maturity of the bonds being refunded, to bear interest at a rate of not to exceed 12% per annum, payable semiannually on the first day of January and the first day of July of each year until the maturity of each bond and at the option of the School District to be evidenced by separate supplemental interest certificates, to mature over a period of not more than 20 years from the date of their issuance, to be in the amount of $5,000 of principal amount each or multiples thereof and to mature on the first day of the same month of each year which may be either January or July?|