The Nashville High School Board of Education met last night and approved of issuing general obligation bonds in the amount of $310,000 for the Working Cash fund.  This money will be used to put in new lighting poles and lights at the football field.  The bleachers on the south side are being replaced and it is much better to get the lights put in at the same time.  Superintendent Ernie Fowler says First Mid State Bank is facilitating the sale of bonds through Community Trust Bank and Farmers & Merchants Bank with low interest rates.  The first year it is at 1 percent, then 1.1 percent, followed by 1.3 percent and finally 1.6 percent for the final year.  He thought it was important to get this done now and paid off in a short time as future legislation could cause problems.  One of the reasons to only have the payments for 4 years as opposed to spreading it out longer, is that there could be legislation in the near future on property tax freezes and it that happens the debt service limit would be set at the whatever the levy was the previous year.  Paying in 4 years will give the school more room in the future should they need to sell more bonds.  In a related move, the Board went over 3 price quotes to demolish the bleachers on the south side of the football field and rejected them.  They will go with The Threshermen Association doing it for free, who will get to keep the materials they tear down and remove.  As the project cost would be well under $50,000, there was no bid process needed.