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UNITED STATES OF AMERICA STATE OF ARKANSAS COUNTY OF INDEPENDENCE CITY OF BATESVILLE 7-3/40/. INDUSTRIAL DEVELOPMENT REVENUE BOND GENERAL TIRE PROJECT No. R-1 KNOW ALL MEN BY THESE PRESENTS: $1,000,000 That the City of Batesville, Independence County, Arkansas, a munici- pality under the laws of the State of Arkansas (the "City"), for value received, promises to pay to or to registered assigns, on April 1, 1995, the principal sum of ONE MILLION DOLLARS 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 public and private debts, and to pay in like coin or currency interest on said principal amount from the date hereof until paid at the rate of seven and three fourths per cent (7-3/4%) per annum, such interest to be payable semiannually on April 1 and October 1 of each year, commencing October 1, 1975. Principal and interest shall be payable at the principal office of Union Planters. National Bank of Memphis, Memphis, Tennessee (the "Trustee" and the "Paying Agent"). Payments of interest and prepayments of principal Es hereinafter provided, may be by check or draft to the registered owner without presentation of this bond, and each such payment shall fully discharge the obligation of the City to the extent of the payment so made. Upon final payment of principal and interest, this bond shall be submitted to the Trustee for cancellation and surrender to the City. This bond, designated "City of Batesville, Arkansas Industrial I- evelopment Revenue Bond - General Tire Project," is one of an issue of bonds in the principal amount of One Million L`ollars ($1,000,000) (the "bonds"). Though the bands are being issued as a single bond, registered as to both principal and interest, certain references herein will be to "bonds . "