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wr •W Page 4 thereof, and if to a subsidiary the performance of all covenants and obligations of the Lessee shall be unconditionally guaranteed by White - Rodgers Company. The rentals derived from the leasing of the Project will be sufficient for and pledged to the payment of the principal of, interest on and Paying Agent's fees in connection with the bonds, as the same become due and payable. The bonds will not be general obligations of the City but will be special obligations payable solely from the lease rentals and revenues de- rived from the said industrial project and will be secured by a statutory first mortgage on said industrial project. Section 3. That the election shall be held and conducted and the vote canvassed and the results declared under the law and in the manner provided for municipal elections, so far as the same may be applicable, and the !-Iayor shall give notice of such election by an advertisement published once a week for four consecutive weeks in a newspaper having a bona fide circulation in the City of Latesville, Arkansas, with the last publication to be not less than ten days prior to the date of the election, and only quali- fied electors of said City shall have the right to vote at said election on said question. Section 4. That the results of said election shall be proclaimed by the Mayor and his proclamation shall be published one time in a newspaper having a bona fide circulation in said City of hatesville, Arkansas, which proclamation shall advise that the results as proclaimed shall be conclusive unless attacked in the courts within thirty days after the date of such proclamation. Section 5. That a copy of this ordinance shall be fur- nished the Independence County lJoard of Election Commissioners so that the necessary election officials and supplies may be provided. Section 6. That there is hereby found and declared to