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0"n Page 9 CM as follows: From surplus moneys in the Construction Fund remaining, after all costs of the construction of the extensions, betterments and improvements to the System have been paid, on any interest paying date, at par and accrued interest; from funds from any source, at the option of the City, on any interest paying date on and after April 1, 1975, at par and accrued interest, plus a premium of four (4%) per cent on all bonds so called on April 1, 19751, with a reduction in premium of one-fourth (1/4) of one (1%) per cent per year thereafter until April 1, 1991, on and after which date there shall be no premium on any bonds so called. Notice of the call for redemption shall be published one time in a financial newspaper having national circulation at least thirty (30) days prior to the redemption date, giving the number and ma- turity of each bond being called, and after the date fixed for redemption,each bond so called shall cease to bear interest, pro- vided funds for its payment are on deposit with the Paying Agent at that time. This bond shall not be valid until it shall have been authenticated by the certificate hereon duly signed by The First National Bank in Little Rock , Little Rock , Arkansas. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required to exist, happen and be per- formed, precedent to and in the issuance of this bond, have existed, have happened and have been performed in due time, form and manner, as required by law; that the indebtedness represented by this bond and the issue of which it forms a part does not exceed any con- stitutional or statutory limitation; and that sufficient of the