To modernize and upgrade outdated District facilities, construct new District facilities, including joint-use fields, a community services center for District and community use, a new school site, and qualify for state funding, shall Edison School District issue $3,400,000 in bonds, at legal rates, raising an annual average of $263,000 at approximately $30 per $100,000 of assessed valuation while bonds are outstanding, with independent oversight, audits, no money for administrators' salaries/pensions, and all funds remaining local?