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*ft - UNITED STATES OF AMERICA STATE OF ARKANSAS COUNTY OF INDEPENDENCE CITY OF BATESVILLE GENERAL OBLIGATION AIRPORT IMPROVEMENT BOND No. KNOW ALL MEN BY THESE PRESENTS: That the City of Batesville, Independence County, Arkansas ("City"), acknowledges itself to owe and for value received, promises to pay to bearer the sum of DOLLARS in lawful money of the United States of America on the first day of July, 19 , and to pay interest hereon at the rate of per cent per annum from date, semiannually on January 1 and July 1 of each year, com- mencing January 1, 1970, upon presentation and surrender of the annexed coupons as they severally become due. Both principal and interest of this bond are hereby made payable at the principal office of Mercantile Bank, Jonesboro, Arkansas. This is one of an issue of two hundred sixty (260) bonds, aggregating Two Hundred Fifty -Nine Thousand Eight Hundred Thirty Dollars ($259,830), dated July 1, 1969, and numbered from one (1) to two hundred sixty (260), inclusive, all of like tenor and effect except as to number, denomination, rate of interest, maturity and right of prior redemption ("bonds"), and the bonds are issued for the purpose of financing a portion of the cost to the City of develop- ing and improving the municipal flying field (Airport) ("improvements") serving the City. The bonds are issued pursuant to and in full compliance with the Constitution and laws of the State of Arkansas, particularly Amendment No. 13 to the Constitution of the State of Arkansas and pursuant to an election duly held at which the majority of the legal voters of the City voting on the question voted in favor of the issuance of the bonds and pursuant to Ordinance No.