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0 <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 /> WATER AND SEWER REVENUE REFUNDING BONDS <br /> SERIES 1995 <br /> Interest Rate: % Maturity Date: <br /> Dated Date: <br /> Registered•Owner: <br /> Principal Amount: Dollars ($ ) <br /> CUSIP No. <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> That the City of Batesville, Arkansas (the "City") , for <br /> value received, hereby promises to pay, but solely from the source <br /> as hereinafter provided and not otherwise, to the Registered Owner <br /> shown above, upon the presentation and surrender hereof at the <br /> principal corporate office of Bank of the Ozarks, wca in the City <br /> of Ozark, Arkansas, or its successor or successors, as Trustee and <br /> as Paying Agent (herein referred to as the "Trustee") , on the <br /> Maturity Date shown above, the Principal Amount shown above, in <br /> such coin or currency of the United States of America as at the <br /> time of payment shall be legal tender for the payment of public <br /> and private debts and to pay by check or draft interest thereon, <br /> but solely from the source as hereinafter provided and not <br /> otherwise, in like coin or currency from the Dated Date shown above <br /> at the Interest Rate per annum shown above, payable semiannually on <br /> the 1st days of February and August of each year, until payment of <br /> such principal sum or, if this Series 1995 Bond or a portion <br /> thereof shall be duly called for redemption, until the date fixed <br /> for redemption, and to pay interest on overdue principal and <br /> interest (to the extent legally enforceable) at the rate borne by <br /> this Series 1995 Bond. Payment of each installment of interest <br /> shall be made to the person in whose name this Series 1995 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 1995 Bond subsequent to such Record Date <br /> and prior to such interest payment date. <br /> Interest in this Series 1995 Bond shall be payable from <br /> the interest payment date next preceding the date on which this <br /> Series 1995 Bond is authenticated unless this Series 1995 Bond is <br /> authenticated on an interest payment date, in which case it shall <br /> jwAmy%Wc95.0D <br /> -5- <br />