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*4W -3- Vote -3-. Vote on Irlcasure by placing arl "X" in tho square above the measure either FOR or AGAINST: 17OR the issuance of Lndustrial Development: Revenue Bonds by the City of Batesville, Arkarn�;as, i.n the aggregate principal ariiount. of not to exceed $1 , 000, 000 ................� AGAINST the issuance of Industrial Dcvc- 'lop ment Revenue Bonds by the City of Batesville, Arkansas, in the aggregate principal amount ol not: to exceed $I. , 000, 000 ............... Z__/ It is proposed to issue City of Batesville, Arkansas (the "City") Industrial Development Revenue Bonds (the "bonds") under Act No. 9 of the First Extraordinary Ses ion of the Sixty -Second General Assembly of the State of Arkansas, approved January 21, 1960, as amended ("Act No. 9") , in the aggregate; principal amount of not to exceed $1,000,000 for the purpose of furnishing the permanent financing of costs of securing and developing industry. The bonds will be dated, the bonds will bear interest at such rate or rates, the interest will be payable on such dates, the bonds will mature on such date or dates, the bonds will be subject to redemption prior to maturity in such manner and upon such terms, and the bonds may be issued at one time or in series from time to time, all as the City Council shall subsequently determine and specify in the ordinance authoriz- ing their issuance. The proceeds of the bonds will be used to acquire machinery, equipment and facilities (the "facilities") to be installed and operated in an industrial. plant being constructed by The General Tire & Rubber Company, an Ohio corporation ("General") and to pay the expenses of issuing the bonds. The facilities will be owned by the City and leased to General for lease rentals sufficient to provide for the payment of the principal of and interest on the bonds. The bonds will not be general obligations of the City but will be special obligations payable solely from revenues derived from the facilities, including particularly lease rentals under the Lease Agreement with General referred to above, which will be specifically pledged to the payment of the principal of and interest on the bonds, and the bonds will be secured by a security interest in the facilities as authorized by Act No. 9.