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073 <br />ORDINANCE NO.� <br />AN ORDINANCE AUTHORIZING A FIRST SUPPLEMENTAL TRUST <br />INDENTURE IN CONNECTION WITH THE CITY'S INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS - GENERAL TIRE PROJECT, <br />DATED APRIL 1, 1975; DECLARING AN EMERGENCY; AND FOR <br />OTHER PURPOSES. <br />WHEREAS, the City has issued bonds designated "City of Batesville, <br />Arkansas Industrial I-evelopment Revenue Bonds - General Tire Project, dated <br />April 1, 1975 (the "bonds"), which bonds are secured by a Trust Indenture <br />between the City and Union Planters National Bank of Memphis, Memphis, <br />Tennessee, dated as of April 1, 1975 (the "Original Indenture"); and <br />WHEREAS, all of the bonds are held by a single holder, and the <br />bondholder has requested that a single Fully Registered Bond (that is a bond <br />registered as to both principal and interest) be issued in exchange for the <br />bonds now issued and outstanding; and <br />WHEREAS, the execution and delivery of a First Supplemental Trust <br />Indenture is necessary for the issuance and delivery of the single Fully <br />Registered Bond. <br />NOW, THEREFORE, BE IT ORDAINED by the City Council of the City <br />of Batesville, Arkansas: <br />Section 1. That there is hereby authorized the exchange and delivery of <br />the Fully Registered Bond and in connection therewith there is hereby authorized <br />a First Supplemental Trust Indenture, in substantially the contents hereinafter <br />set forth, which shall be executed and acknowledged by the Mayor and City <br />Clerk for and on behalf of the City, with the seal of the City affixed thereto, and <br />which form of First Supplemental Trust Indenture is hereby made a part hereof: <br />