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Page 2 <br />WHEREAS the providing for the financing by issuance of <br />said bonds is a necessary prerequisite to the securing of the <br />above mentioned industry; <br />NOW, THEREFORE, BE IT ORDAINED by the City Council of <br />the City of Batesville, Arkansas: <br />Section 1. <br />That a special election be, and the same <br />is hereby, called to be held in Batesville, Arkansas, on the 15th <br />day of lviarch , 1960, at which election there shall be <br />submitted to the electors of the City the question of issuing <br />Revenue Bonds under the provisions of Act No. 9 of the First <br />Extraordinary Session of the 62nd General Assembly of the State <br />of Arkansas, approved January 21, 1960, in an amount not to exceed <br />$1,000,000 for the purpose of securing and developing industry <br />within or near Batesville, Arkansas. The bonds shall be dated <br />March 1, 1960, with interest thereon payable semi—annually on <br />March 1 and September 1 of each year commencing September 1, 1960, <br />at a rate accepted by the City at the public sale of the bonds, but <br />not to exceed six per cent (6/) per annum, with the bonds to mature <br />on March 1 of each year as follows, but to be callable for payment <br />prior to maturity upon such terms as shall be specified by the City <br />in the notice of the public sale of the bonds. <br />YEAR AMOUNT <br />1961 <br />$26,000 <br />1962 <br />28,000 <br />1963 <br />29,000 <br />1964 <br />31,000 <br />1965 <br />34,000 <br />1966 <br />36,000 <br />1967 <br />38,000 <br />1968 <br />41,000 <br />1969 <br />43,000 <br />1970 <br />46,000 <br />1971 <br />48,000 <br />1972 <br />52,000 <br />1973 <br />55,000 <br />1974 <br />58,000 <br />1975 <br />62,000 <br />1976 <br />66,000 <br />1977 <br />70,000 <br />1978 <br />75,000 <br />1979 <br />79,000 <br />1980 <br />83,000 <br />