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92 <br />0' <br />-�. a�;e o <br />This bond and the series of which it forms a -:.)arc <br />are issued pursuant to anci in full comtoliance with the Constitution <br />and lavfs of the State of ''.rkansas, including -oa-rticulariv ".cc 131 <br />o: the :..'..cts of .�rkarsas of 1933, pis amended, and. pursuant to an <br />ordinance of the City Council of the C-R_ty o E iiatesville, Z'xkansas <br />duly adopted and approvec+, and do not constitute an indebtedness <br />of the City of Batesville ix:?ithin any constitattional or statutory <br />lylnitation. Said bongs ,tyre not general olDli-ations of the City o+_ <br />Batesville, but are special obligations payable solely from gross <br />revenues derived from the operation of theSystem; a figee amount - <br />of which has been duly set aside and pledged as a special fund for <br />than purpose and identifies' as the 19,61 1raterworks Revenue Bond <br />Fund, created by Ordinance ho. <br />of the City of Batesville, <br />xkansas duly passed on the --- _ ._ —Lay ov <br />, 1961, <br />unser which this bond is authorized to be issued. 11eference may <br />be had to saic ordinance for a Detailed statement of the pledge- <br />of <br />ledgeof revenues, of the covenants and obligations of the City with <br />reference to the acquisition of the System and the construction <br />of extensions, betterments and irr,Drovements thereto, with reference <br />to the custody and apolication of the proceeds of the sale of the bonds, <br />with reference to the handling of revenues, o_ -)e -ration of the Cystem, <br />and payment of the orincioal of and interest on the bonds, of. the <br />-rights and duties of the 'fruscee ani of the rights of the holders of <br />the bonds. `1,1-e City has fixed and has covenanted and agreecR to <br />maintain rates for water services which shall be sufficient at all <br />times to ?rovide for the payment of the orincipal of and interest <br />