In order to modernize our current schools, construct new facilities to relieve overcrowding, and improve technology for our students, shall the Pajaro Valley Unified School District be authorized to issue $75,000,000 principal amount of bonds for acquisition and improvement of real property for school purposes, allocated as $31,700,000 to the Aptos area, $43,300,000 to the Watsonville Area, with each Area contributing $11,500,000 to costs of a new high school, said bonds bearing interest at rates within the statutory maximum?