AUTHORIZING THE CITY OF WARWICK TO ISSUE NOT TO EXCEED $50,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, DEMOLITION, ARCHITECTURAL COSTS, ENGINEERING, FURNISHING AND EQUIPPING OF

I) TWO NEW HIGH SCHOOLS AND SCHOOL FACILITIES TO REPLACE PILGRIM HIGH SCHOOL AND TOLLGATE HIGH SCHOOL AND ON-SITE ATHLETIC FIELDS, AND (II) RECREATION AND ATHLETIC FACILITIES THROUGHOUT THE CITY (Authorizes the city of Warwick to issue not more than $50,000,000 general obligation bonds, notes and other evidences of indebtedness to finance two new high schools and school facilities.