To provide adequate classroom space and rehabilitate and expand existing schools by financing major repairs, improvements, renovations and acquisitions of buildings and grounds, including for such purposes as new libraries, updated science laboratories, improved student access to technology, upgraded heating, electrical and plumbing systems, and to replace aging portables with new classrooms, shall the Cloverdale Unified School District be authorized to issue bonds in an amount not to exceed $4,000,000 at interest rates not exceeding the statutory limit?