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The City has agreed that out of the revenue derived from the <br />special tax which it has levied and which is authorized by Amendment <br />No. 13 to the Constitution of the State of Arkansas, it will first <br />set up a reserve of Four Thousand Dollars ($4000), and that any <br />surplus after that reserve has been set up must be used to call the <br />bonds of this issue for payment prior to maturity in inverse numerical <br />order at par and accrued interest on any interest paying date. <br />The bonds of this issue are callable for payment prior to <br />maturity in inverse numerical order at par and accrued interest from <br />surplus tax funds or from surplus funds derived from the bond sale <br />on any interest paying date, and from funds from any source, on any <br />interest paying date on and after January 1, 1957. In the event the <br />City shall call bonds for payment prior to maturity, it shall publish <br />notice of such call once a week for two weeks in some newspaper of <br />general circulation throughout the State of Arkansas, the first <br />publication to be not less than fif teen days prior to the date fixed <br />for redemption, and the notice shall give the number and maturity of <br />each bond being called. All bonds so called shall cease to bear <br />interest after the date fixed for their redemption, provided the <br />funds for their payment are on deposit with the paying agent at that <br />time. <br />This bond shall not be valid until authenticated by the <br />certificate hereon of the First National Bank of Batesville, Arkansas. <br />IN WITNESS WHEREOF, the City of Batesville, Arkansas, has <br />executed this bond by the hands of its Mayor and City Clerk and <br />attested it with its corporate seal, and has caused the coupons hereto <br />attached to be authenticated by the facsimile signature of its Mayor, <br />as of the 31st day of December, 1951. <br />CITY OF BATESVILLE, ARKANSAS <br />By <br />Mayor <br />(Seal) <br />Attest: <br />