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duly and validly authorized by ordinance of the City Council of the City of Batesville, Arkansas, being Ordinance No. duly passed and approved on the ,�L- day of September, 1960 (hereinafter sometimes referred to as "Ordinance No. i' '°); and WHEREAS the City has sold the Revenue Bonds, being $900,000 in principal amount and designated 1°City of Batesville, Arkansas Industrial Development Revenue Bonds", dated March 1, 1960, bearing interest at the rate of 4.58% per annum, payable semi-annually on March 1 and September 1 of each year, and maturing annually on March 1 of each of the years 1962 to 1980, inclusive, but callable for payment prior to maturity, all as hereinafter specified in detail, to E. L. Villareal & Company, Dabbs -Sullivan Company, Southern Securities Corp. and Hill, Crawford & Lanford all of Little Rock, Arkansas, at a price of par and accrued interest for bonds bearing interest at the rate of 4.58% per annum; and WHEREAS the purchasers have elected to convert said $900,000 in principal amount of bonds bearing interest at the rate of 4.58% per annum to an issue in the principal amount of $929,000 bear- ing interest at the rate of 4%, 4k"/o and 42% per annum, which interest will be payable semi-annually on March 1 and September 1 of each year and which principal will mature on March 1 in each of the years 1962 to 1980, inclusive, all as hereinafter set forth in detail; and WHEREAS said conversion has been examined and it has been found that by conversion thereof the City will pay no more and receive no less than it would pay and receive if the bonds had not been con- verted and that the conversion is in accordance with the Notice of Sale and is proper; and WHEREAS the Revenue Bonds, the interest coupons to be attached thereto, and the Trustee's certificate to be endorsed thereon are all to be in substantially the following form, with necessary and appropriate variations, omissions and insertions as permitted or required by this Trust Indenture, to -wit: