Ballot Language

On Tuesday, Oct. 10, voters in Putnam City's bond election will see a ballot with two propositions.

Why two propositions? State law requires that bond proposals for school buses be voted on separately from proposals for school building and instructional improvements.

That means Proposition 1 is a vote on technology for learning, technology for saving lives and additional funding for design and construction of Capps Middle School. Proposition 2 is a vote on funding for new school buses.

Here’s the actual proposition language voters will see when they go to the polls:

Proposition 1
“Shall Independent School District Number 1 of Oklahoma County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Nineteen Million Six Hundred Thousand Dollars ($19,600,000) to provide funds for the purpose of constructing, equipping, repairing and remodeling school buildings, acquiring school furniture, fixtures and equipment and acquiring and improving school sites and levy and collect an annual tax, in addition to all other taxes, upon all the taxable property in such District sufficient to pay the interest on such bonds as it falls due and also to constitute a sinking fund for the payment of the principal thereof when due, said bonds to bear interest not to exceed the rate of ten (10%) percentum per annum, payable semi-annually and to become due serially within ten (10) years from their date?”

Proposition 2
“Shall Independent School District Number 1 of Oklahoma County, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Two Million Four Hundred Thousand Dollars ($2,400,000) to provide funds (to be issued in series) for the purpose of purchasing transportation equipment and levy and collect an annual tax, in addition to all other taxes, upon all the taxable property in such District sufficient to pay the interest on such bonds as it falls due and also to constitute a sinking fund for the payment of the principal thereof when due, said bonds to bear interest not to exceed the rate of ten (10%) percentum per annum, payable semi-annually and to become due serially within five (5) years from their date?”