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BE IT ORDAINED by the City Council of the City of Batesville, <br />Arkansas: <br />SECTION 1. That the sale of the bonds to W. R. Stephens <br />Investment Company, Inc., of Little Rock, Arkansas, and the conversion <br />of the bonds to a lower interest rate, are hereby approved and confirmed. <br />SECTION 2. That the Mayor and City Clerk are hereby authorized <br />and directed to execute the Park Improvement Bonds of this City, <br />dated as of December 31, 1951, and maturing on January 1 of each year <br />as follows: <br />YEAR <br />BOND <br />NOS. <br />AMOUNT <br />both inclusive) <br />1955 <br />1 <br />to <br />5 <br />$ 5000 <br />1956 <br />6 <br />to <br />to <br />5000 <br />1957 <br />11 <br />to <br />15 <br />4500 <br />1958 <br />16 <br />to <br />20 <br />4500 <br />1959 <br />21 <br />to <br />25 <br />4500 <br />196o <br />26 <br />to <br />30 <br />4500 <br />1961 <br />31 <br />to <br />35 <br />4500 <br />1962 <br />36 <br />to <br />39 <br />4000 <br />1963 <br />40 <br />to <br />43 <br />4000 <br />1964 <br />44 <br />to <br />47 <br />4000 <br />1965 <br />48 <br />to <br />51 <br />4000 <br />1966 <br />52 <br />to <br />55 <br />4000 <br />1967 <br />56 <br />to <br />59 <br />3500 <br />1968 <br />6o <br />to <br />63 <br />3500 <br />1969 <br />64 <br />to <br />66 <br />3000 <br />1970 <br />67 <br />to <br />69 <br />3000 <br />1971 <br />70 <br />to <br />72 <br />3000 <br />The bonds shall be in the denomination of $1000 each, except <br />Nos. 15, 20, 25, 30, 35, 59, and 63, which shall be in the denomination <br />of $500 each. The bonds shall -bear interest at the rate of one and three- <br />fourths per centum ( 1 3/4% ) per annum and shall be callable as <br />hereinafter set out. <br />SECTION 3. Said bonds shall be in substantially the following <br />form: <br />UNITED STATES OF AMERICA <br />STATE OF ARKANSAS <br />COUNTY OF INDEPENDENCE <br />CITY OF BATESVILLE <br />1 3/4% Park Improvement Bond <br />No. <br />KNOW ALL MEN BY THESE PRESENTS: <br />$ <br />That the City of Batesville, in the County of Independence and <br />State of Arkansas, acknowledges itself to owe and, for value received, <br />promises to pay to bearer the sum of <br />