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Tile bond and the series of which it forte a part are Issued In a c- cor&ncs with and Pursuant to the WO'Visions of Act No. 132 of the General Assembly of the State of Arkansas for the year 1933, as a eWed,, and are 6XWes81Y Made negotiable by said Act lie, as amended, and are issued with the intent that thelaws of the Mate of A.rImnsas shall govern the construction thereof. whichThis bond and the Issue of tR payable Only fromthe not Income and revenues to be derived from the operation Of the Systsmp a sufficient portion of which Income and revsnee remains after the Payment or allowance for Payment of the eV+enses Of operations repairs and maintenance of said 45 tem 'har, boon ordered set aside as a special fund and Pledged for that purpose and identified its the "Sewer ROVOnue Bond Fund." This bre and the series of which It forms a part coo not constitute an indebtedness of the City within the meaning of any constitutional or statutory provision or limitations and the City OM1 . not be obligated to pay this bond or the interest thereon except from said special fund. The C ' covenants that it will fix such rates for the services and facilities Of said System and collect and account for income a ad revenues therefrom, and If necessary It Will increase the present rates for sever services, so thatafter allowance for payment of the expenses of cape tion, repairs and mainte nc* of the System there will remain a balance of such income and revenues sufficient to pay pr ptly the interest on and principal of this issue of bonds. It Is hereby reoiteed, certified and declared that 311 con.. ditlons* acts and things required to exist, to be petr►foryd, and to happen precedent to ,and in the issuance of this bond do 'exist, have been peat d and have happened In due tom, forst and manner as required by law,, and tha*%W t,g. bond Issue does not exceed any limit p scribed by the Cr titution or statures of the State of Arkansas. The bonds of this issue are callable for payment prior to maturity at par and accrued interest in Inverse numerical carder, as follows surplus revenues or from surplus ,finds derived from the sale of this bond issuer, on any Interest paying date... from funds