To finance construction of high school facilities on district-owned property at the northeast corner of Road 200 and Outback way, and related on-site and off-site improvements, shall the Chawanakee Unified School District issue bonds in the amount of $7,400,000 to bear interest at rates not exceeding the statutory limit? The Board will appoint a citizens' oversight committee and conduct annual audits to assure that funds are spent only on school improvements and for no other purposes.