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obligations of the City, but are special obligations payable solely from revenues derived from the project. In this regard, the project has been leased to Eatesville Rubber Company, an Arkansas corporation (herein referred to as "Eatesville Rubber Company"), for a rental at least sufficient to pay the principal of, interest on and paying agent's fees in connection with the bonds as the same become due and payable. Rental payments sufficient for said purposes are to be paid to the Trustee and deposited in a special account designated "City of Eatesville, Arkansas Industrial Development Revenue Bond Fund - Batesville Rubber Company Project". The rental payments and revenues derived from the project have been and are hereby duly pledged for the payment of the principal of, interest on and paying agent's fees in connection with the bonds as the same become due and payable. In addition, the indebtedness evidenced by the bonds is secured by a first mortgage on the project. The bonds do not constitute an in- debtedness of the City within any constitutional or statutory limita- tion. The holder of this bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture. In certain events, on the conditions, in the man- ner and with the effect set forth in the Indenture, the principal of all the bonds issued under the Indenture and then outstanding may become or may be declared due and payable before the stated maturity thereof, together with interest accrued thereon. Modifications or alterations of the Indenture, or of any indenture supplemental thereto, may be made only to the extent and in the circumstances permitted by the Indenture.