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be to continue the applicable provisions of Ordinance No. 2009-12-1 in full force and effect after the Series 2010 Bond, the Series 2011 Bond and the Series 2013 Bond are paid or provision made therefor. Section 4. The Series 2015 Bond shall be in substantially the following form, and the Mayor and City Clerk are hereby authorized and directed to make all the recitals contained therein: (form of Series 2015 Bond) UNITED STATES OF AMERICA STATE OF ARKANSAS COUNTY OF INDEPENDENCE CITY OF BATESVILLE 1.50% SALES AND USE TAX BOND, SERIES 2015 No. R-1 $10,200,000 KNOW ALL MEN BY THESE PRESENTS: That the City of Batesville, Independence County, Arkansas (the "City"), for value received, hereby acknowledges itself to owe and promises to pay to the Arkansas Development Finance Authority, or registered assigns, solely from the special fund provided as hereinafter set forth,the principal sum of TEN MILLION TWO HUNDRED THOUSAND DOLLARS (or the total principal amount outstanding as reflected by the Record of Payment of Advances attached hereto) with interest on the unpaid balance of the total principal amount at the rate of 1.50% per annum from the date of each advance. The principal and interest shall be payable in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of debts due the United States of America. Interest on the unpaid balance of the total principal amount shall be payable on 15, 20 (the next April 15 or October 15 after the bond is issued) and on each April 15 and October 15 thereafter. Principal shall be payable in installments on October 15, 2018, and on each April 15 and October 15 thereafter until the unpaid principal is paid as follows: Date Amount (There will be inserted the schedule set forth in Section 2 of this Ordinance.) 4