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Page 3 <br />The bonds shall be sold at public sale after advertisement as pro- <br />vided by Amendment No. 13 to the Constitution and shall bear interest <br />at the rate fixed in the bid accepted by the City at said public sale. <br />The bonds may be sold with the privilege of conversion to an issue <br />bearing a lower rate or rates of interest. <br />Section 2. That said question shall be placed on <br />the ballot for the special election in substantially the following <br />form: <br />Vote on measure by placing an "XC' in the square <br />above the measure either for or against. <br />For the issuance of bonds under <br />Amendment No. 13 for the purpose <br />set forth below in an amount not <br />to exceed $2203000 . . . . . . . . . . <br />Against the issuance of bonds under <br />�' <br />mendment No. 13 for the purpose <br />set forth below in an amount not to <br />exceed $220,000 . . . . . . . . . . . . <br />It is pro -posed -to issue City of Batesville, Arkansas <br />General Obligation Bridge Bonds under Amendment <br />No. 13 to the Constitution of the State of Arkansas <br />in an amount not to exceed $220,000 for the purpose <br />of financing the cost of constructing a bridge be- <br />tween Broad Street and Bayou Street in the City <br />of Batesville, paying necessary expenses incidental <br />thereto, paying the expenses of issuing the bonds, <br />and providing debt service on the bonds until tax <br />proceeds are available therefor. The bonds will <br />be dated April 1, 1964, interest will be payable <br />semiannually on April 1 and October 1 of each <br />year and the bonds will mature serially on April 1 <br />in each of the years 1967 to 1994, inclusive. If <br />the issuance of the bonds is approved by the electors <br />there will be levied by the City Council a continuing <br />annual tax in an amount sufficient to provide for the <br />payment of the principal of and interest on the bonds. <br />The bonds will bear interest at the rate or rates <br />accepted by the City at the public sale of the bonds <br />and the bonds may be sold with the privilege of con- <br />version to an issue bearing a lower rate or rates <br />of interest. <br />