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Naw <br /> • (Form of Bond) <br /> REGISTERED REGISTERED <br /> No. <br /> UNITED STATES OF AMERICA <br /> STATE OF ARKANSAS <br /> COUNTY OF INDEPENDENCE <br /> CITY OF BATESVILLE, ARKANSAS <br /> REFUNDING AND IMPROVEMENT WATER AND SEWER REVENUE BOND <br /> SERIES 1991 (A) (B) <br /> Interest Rate: Maturity Date: <br /> Interest Commencement Date: <br /> Registered Owner: <br /> Principal Amount: Dollars ($ ) <br /> CUSIP No. <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> That the City of Batesville, County of Independence, <br /> State of Arkansas (the "City") , for value received, hereby promises <br /> to pay, but solely from the source as hereinafter provided and not <br /> otherwise, to the Registered Owner shown above, upon the <br /> presentation and surrender hereof at the principal corporate office <br /> of First National Bank of Lawrence County in the City of Walnut <br /> Ridge, , or its successor or successors, as Trustee and as <br /> Paying Agent (herein referred to as the "Trustee") , on the Maturity <br /> Date shown above, the Principal Amount shown above, in such coin or <br /> currency of the United States of America as at the time of payment <br /> shall be legal tender for the payment of public and private debts <br /> and to pay by check or draft interest thereon, but solely from the <br /> source as hereinafter provided and not otherwise, in like coin or <br /> currency from the Interest Commencement Date shown above at the <br /> Interest Rate per annum shown above, payable semiannually on the <br /> 1st days of February and August of each year, until payment of such <br /> principal sum or, if this Series 1991 Bond or a portion thereof <br /> shall be duly called for redemption, until the date fixed for <br /> redemption, and to pay interest on overdue principal and interest <br /> (to the extent legally enforceable) at the rate borne by this <br /> Series 1991 Bond. Payment of each installment of interest shall be <br /> made to the person in whose name this Series 1991 Bond is <br /> registered on the registration books of the City maintained by the <br /> Trustee at the close of business on the fifteenth day of the month <br /> (whether or not a business day) next preceding each interest <br /> payment date (the "Record Date") , irrespective of any transfer or <br /> exchange of this Series 1991 Bond subsequent to such Record Date <br /> and prior to such interest payment date. <br /> This Series 1991 Bond is one of an issue of City of <br /> Batesville, Arkansas Refunding and Improvement Water and Sewer <br /> Revenue Bonds, Series 1991, aggregating Six Million Seventy-Five <br /> Thousand Dollars ($6, 075, 000) , in principal amount (the "Series <br /> 1991 Bonds") , and is issued for the purpose of refinancing <br /> «�Y\mt.i.mz -7- <br />