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em *4w (Form of Bond) V..w UNITED STATES OF AMERICA STATE OF ARKANSAS COUNTY OF INDEPENDENCE CITY OF BATESVILLE 9 1/4% SANITATION FACILITIES REVENUE BOND Im KNOW ALL MEN BY THESE PRESENTS: $5,000 That the City of Batesville, Independence County, Arkansas (the "City"), acknowledges itself to owe and, for value received, hereby promises to pay to bearer, or if this Bond be registered, to the registered owner hereof, solely from the special fund provided as hereinafter set forth, the principal sum of FIVE THOUSAND DOLLARS in lawful money of the United States of America on the first day of December, 1984, and to pay solely from that special fund interest thereon at the rate of nine and one-fourth percent (9 1/4%) per annum from date until paid. Interest is payable semiannually on June 1 and December 1, commencing June 1, 1981. Principal and interest are payable at the principal office of The Farmers and Merchants Bank, Stuttgart, Arkansas (the "Trustee" and "Paying Agent"). Payment of interest, when registered as to interest, may be by check or draft mailed to the registered owner at his address reflected on the registration book of the City maintained by the Trustee as bond registrar. This Bond is one of an issue of Sanitation Facilities Revenue Bonds, dated December 1, 1981, numbered from 1 to 113, inclusive, aggregating Five Hundred Sixty Five Thousand Dollars ($565,000), all of like tenor and effect, exas to number (the "Bonds") issued for the purpose of financing a portion of the costs of acquiring, constructing and equipping sanitation facilities for the disposal of refuse and the generation of steam (the "Improvements"), to be operated as a part of the sanitation system of the City (the "System"), and paying necessary expenses incidental thereto and to the issuance of the Bonds.