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(form of single registered bond) <br /> • (To be typewritten) <br /> UNITED STATES OF AMERICA <br /> STATE OF ARKANSAS <br /> COUNTY OF INDEPENDENCE <br /> 5 . 50% SOLID WASTE (RECYCLING) REVENUE BOND <br /> [EQUIPMENT SERIES] <br /> [REAL ESTATE SERIES] <br /> No. R-1 $ <br /> KNOW ALL MEN BY THESE PRESENTS : <br /> That Independence, Arkansas (the "County") , for value <br /> received, hereby acknowledges itself to owe and promises to pay to <br /> the registered owner, or assigns , solely from the special .fund <br /> provided as hereinafter set forth, the principal sum of <br /> (or the total principal amount outstanding as reflected <br /> by the Record of Payment of Advances attached hereto) <br /> with interest on the unpaid balance of the total principal amount <br /> at the rate of % per annum from the date of each advance. The <br /> principal and interest shall be payable in such coin or currency of <br /> • the United States of America as at the time of payment shall be <br /> legal tender for the payment of debts due the United States of <br /> America and shall be payable as follows : Interest only shall be <br /> payable annually on the first anniversary from the date of this <br /> Bond; commencing in the 24th month from the date of this Bond and <br /> annually thereafter on the same day (except that if this Bond is <br /> dated the 29th, 30th or 31st day of any month, the annual payment <br /> shall be due on the 28th day of the month) amortized annual <br /> installments of principal and interest in the amount of $ <br /> each shall be payable until the principal and interest are fully <br /> paid, except that final payment of the entire indebtedness , if not <br /> sooner paid, shall be due and payable years from the date of <br /> this Bond. <br /> Payments of the principal and interest installments due <br /> hereon shall be made, except for final payment, without <br /> presentation and surrender of this Bond, directly to the registered <br /> owner at his address shown on the bond registration book of the <br /> County maintained by the County Clerk as Bond Registrar, and such <br /> payments shall fully discharge the obligation of the County to the <br /> extent of the payments so made. <br /> This Bond is issued for the purpose of financing a <br /> portion of the cost to the County of constructing and equipping a <br /> ,,%h-q„oos-i e.2oe 5 <br /> n.R„ iw7 <br />