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Page 3 securing and developing industry within or near the City. The bonds will bear interest payable semi-annually at a rate or rates to be hereafter fixed, but not to exceed 6% per annum, and will mature serially in annual installments commencing not more than two (2) years and ending not more than twenty-two (22) years from the date of issuance in gradually increasing amounts so that the total interest and principal payments in each maturity year will be as nearly uniform as practicable. Section 2. That said question shall be placed on the ballot for the special election in substantially the following form: Vote on measure by placing an 'Y' in the square above the measure either for or against: For the issuance of Industrial Development Revenue Bonds by the City of 'Latesville, Arkansas in an amount not to exceed 41,750,000..* ............. # ........ Against the issuance of In- dustrial Development Revenue 1�onds by the City of Lsatesville, Arkansas in an amount not to exceed $1,750,000 ........................./ it is proposed to issue City of Batesville, Arkansas Industrial Development Revenue Bonds under Act No. 9 of the First Extraordinary Session of the Sixty -Second General Assembly of the State of Arkansas, approved January 21, 1960, in an amount not to exceed $1,750,000 for the purpose of financing the cost of securing and developing industry within or near the City. The bonds will bear interest payable semi- annually at a rate or rates not exceeding 6% per annum and will mature serially in annual installments commencing not more than two(2) years and ending not more than twenty-two (22) years from the date of issuance. The particular project consists of the acquisition of lands, the construction and equipping of a factory building and related facilities thereon and the purchase and installation of machinery therein which will be leased to White -Rodgers Company, a _ehtivare corporation, or a subsidiary