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"Shall the Board of Trustees of Albany County School District Number 1, State of Wyoming (the "District"), be authorized to issue general obligation bonds of the District in an aggregate principal amount not to exceed $25,000,000, for the purpose of paying the costs of planning, designing, engineering, constructing, furnishing, and equipping improvements for a new high school, for upgrades and additions not funded by the State of Wyoming, and for a reserve account to fund maintenance and repairs for such facility in the amount not less than 3% of the bond proceeds; such bonds to mature within 16.5 years of their respective dates, and bearing a maximum rate or rates of interest not to exceed 4.5% per annum; such bonds to be payable from ad valorem property taxes levied against all taxable property in the District imposed pursuant to an ad valorem mill levy imposed without limitation of rate or amount in amounts sufficient, together with other legally available funds of the District, to pay the principal of and interest on the bonds in every year; such bonds to be sold on such terms and conditions as the Board of Trustees may determine?"
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