To avoid overcrowding by building new elementary schools and to modernize Gehringer and Oakley Elementary Schools, including replacing electrical and fire safety systems; modernizing older classrooms; updating libraries and computer labs; and improving handicapped access to all schools, shall the Oakley Union Elementary School District be authorized to issue $16,500,000 in bonds at interest rates within the legal limit with no funds for administrator salaries and an appointed independent Citizens Oversight Committee to monitor all bond expenditures?