Issuance of not to exceed $3,750,000 General Obligation Bonds, in order to provide funds to pay the costs of the following essential corporate purposes:

 a) The acquisition, restoration, or demolition of abandoned, dilapidated, or dangerous buildings, structures or properties or the abatement of a nuisance;

 b) The equipping of the police and fire departments;

 c) The rehabilitation and improvement of parks already owned, and facilities, equipment, and improvements commonly found in city parks; and

 d) The opening, widening, extending, grading, and draining of the right-of-way of streets, highways, avenues, alleys and public grounds, and market places, with related utility and site improvements, and the removal and replacement of dead or diseased trees thereon; the construction, reconstruction, and repairing of any street improvements, grade crossing separations and approaches; the acquisition, installation, construction, reconstruction and repair of sidewalks, pedestrian underpasses and overpasses, trails, bridges, and culverts,  acquisition of any real estate needed for any of the foregoing purposes,