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Valley Sanitation District Issue 4A

SHALL VALLEY SANITATION DISTRICT DEBT BE INCREASED UP TO $2.7 MILLION, WITH A REPAYMENT COST OF UP TO $4.4 MILLION, AND SHALL DISTRICT TAXES BE INCREASED BY UP TO $190,000 ANNUALLY TO PAY SUCH DEBT FOR THE PURPOSE OF FINANCING THE COSTS OF RELOCATING AND IMPROVING THE DISTRICT'S INTERCEPTOR SEWER LINE INCLUDING, AMONG OTHER THINGS, A NEW FORCE MAIN AND LIFT STATION IN THE DISTRICT'S WASTEWATER COLLECTION SYSTEM, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION LOAN AGREEMENTS, NOTES, BONDS, OR OTHER MULTIPLE FISCAL YEAR OBLIGATIONS WHICH SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 3.5% PER ANNUM, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED AT SUCH TIME, AT SUCH PRICE (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT WITH THIS BALLOT ISSUE, AS THE BOARD OF DIRECTORS MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AN AMOUNT SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF?
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