To replace deteriorating temporary portable classrooms by constructing twelve new permanent classrooms at Coast Union High School, which would include two modern science labs, two computer/technology labs to meet academic standards, a photography lab, a music room; and realign the current athletic facilities to allow for the new classrooms, shall the Coast Unified School District be authorized to incur bonded indebtedness in the amount of $3,600,000 at an interest rate within the legal limit?