To reduce student overcrowding by reopening a school and to make safety, security, and health improvements; modernize, repair, construct, equip and upgrade classrooms and other school facilities; replace aging roofs; provide technology improvements for students; and upgrade/replace outdated electrical, plumbing, heating and air conditioning systems, shall Hermosa Beach City School District issue $54,000,000 of bonds at legal interest rates, with an independent citizens' oversight committee, no money for administrative salaries and no funds taken by the state?