Issue 5: Plain Local School District bond issue

The question, as printed on the ballot

Shall bonds be issued by the Plain Local School District for the purpose of constructing, furnishing, equipping, renovating, rehabilitating, remodeling, adding to and otherwise improving School District buildings and facilities, acquiring, clearing, equipping and otherwise improving sites therefor, and demolishing existing buildings and facilities in the principal amount of $116,800,000, to be repaid annually over a maximum period of 37 years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 3.5 mills for each $1 of taxable value, which amounts to $123 for each $100,000 of the county auditor’s market value, commencing in 2026, first due in calendar year 2027, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?