Rice CISD Proposition A
RICE CONSOLIDATED INDEPENDENT SCHOOL DISTRICTPROPOSITION ASHALL THE BOARD OF TRUSTEES OF RICE CONSOLIDATEDINDEPENDENT SCHOOL DISTRICT (THE "DISTRICT") BEAUTHORIZED TO ISSUE AND SELL AT ANY PRICE OR PRICES THEBONDS OF THE DISTRICT IN THE AMOUNT OF $55,000,000 FOR THECONSTRUCTION, ACQUISITION, RENOVATION, EXPANSION,IMPROVEMENT AND EQUIPMENT OF SCHOOL BUILDINGS IN THEDISTRICT, INCLUDING THE CONSTRUCTION OF A NEWCONSOLIDATED ELEMENTARY SCHOOL, SAFETY AND SECURITYUPGRADES TO THE HIGH SCHOOL AND DISTRICT-WIDERENOVATIONS TO THE EXISTING SCHOOL BUILDINGS, AND THEPURCHASE OF NEW SCHOOL BUSES; AND THE LEVYING OF A TAXTO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS ANDTHE COSTS OF ANY RELATED CREDIT AGREEMENTS, WHICHBONDS MAY BE ISSUED IN VARIO US ISSUES OR SERIES, SHALLMATURE SERIALLY OR OTHER WISE NOT MORE THAN 40 YEARSFROM THEIR DATE, AND SHALL BEAR INTEREST AT SUCH RATEOR RATES, NOT TO EXCEED THE MAXIMUM RATE NOW ORHEREAFTER AUTHORIZED BYLAW, AS SHALL BE DETERMINED BYTHE BOARD OF TRUSTEES OF THE DISTRICT WITHIN THEDISCRETION OF THE BOARD AT THE TIME OF ISSUANCE; ANDSHALL THE BOARD OF TRUSTEES BE AUTHORIZED TO LEVY ANDPLEDGE, AND CAUSE TO BE ASSESSED AND COLLECTED, ANNUALAD VALOREM TAXES ON ALL TAXABLE PROPERTY IN THEDISTRICT SUFFICIENT, WITHOUT LIMIT AS TO RATE OR AMOUNT,TO PAY THE PRINCIPAL OF AND INTEREST ON SAID BONDS ANDTHE COSTS OF ANY CREDIT AGREEMENTS EXECUTED ORAUTHORIZED IN ANTICIPATION OF, IN RELATION TO, OR INCONNECTION WITH SAID BONDS; SAID BONDS TO BE ISSUED ANDSAID TAXES TO BE LEVIED, PLEDGED, ASSESSED, ANDCOLLECTED UNDER THE CONSTITUTION AND LAWS OF THESTA TE OF TEXAS INCLUDING THE TEXAS EDUCATION CODE?
