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0 <br /> approved and the Mayor is authorized to execute and deliver it on <br /> behalf of the City. <br /> Section 2 . Under the authority of the Constitution and <br /> laws of the State of Arkansas, including particularly Arkansas Code <br /> of 1987 Annotated, Title 14 , Chapter 164 , Subchapter 4 and Title <br /> 14 , Chapter 231, Subchapter 1 and decisions of the Supreme Court of <br /> Arkansas, including City of Harrison v. Braswell , 209 Ark. 1094 , <br /> 194 S.W. 2d 12 (1946) , City of Batesville, Arkansas Water and Sewer <br /> Revenue Refunding Bonds, Series 1995 , are hereby authorized and <br /> ordered issued in the principal amount of $4 , 500, 000 for the <br /> purpose of refunding the Series 1991 A Bonds and paying necessary <br /> expenses incidental thereto and to the issuance of the Series <br /> 1995 Bonds. The Bonds shall be dated July 1, 1995, with interest <br /> payable semiannually on February 1 and August 1 of each <br /> year, commencing February 1, 1996, shall be numbered <br /> consecutively from 1 upward, in order of issuance, and shall be <br /> in the denomination of $5, 000 or an integral multiple thereof. <br /> The Series 1995 Bonds shall mature (on February 1) and bear <br /> interest, and principal and interest is payable on the Series 1995 <br /> Bonds, as follows: <br /> • <br /> • j-dayMs"5.00 <br /> -2- <br />