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such transfer a new fully registered bond or bonds of the same maturity, of authorized <br /> denomination or denominations, for the same aggregate principal amount, will be issued to the <br /> transferee in exchange therefor. This bond is issued with the intent that the laws of the State <br /> shall govern its construction. <br /> The City and the Trustee may deem and treat the Registered Owner shown above <br /> as the absolute owner hereof for the purpose of receiving payment of or on account of principal <br /> hereof and interest due hereon and for all other purposes, and neither the City nor the Trustee <br /> shall be affected by any notice to the contrary. <br /> The bonds are issuable only as fully registered bonds in the denomination of <br /> $5,000, and any integral multiple thereof. Subject to the limitations and upon payment of the <br /> charges provided in the Authorizing Ordinance, fully registered bonds may be exchanged for a <br /> like aggregate principal amount of fully registered bonds of the same maturity of other <br /> authorized denominations. <br /> This bond shall not be valid until it shall have been authenticated by the <br /> Certificate hereon duly signed by the Trustee. <br /> IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, <br /> conditions and things required to exist, happen and be performed, under the Constitution and <br /> laws of the State, particularly Amendment No. 62 to the Constitution of the State and the <br /> Authorizing Legislation, precedent to and in the issuance of this bond have existed, have <br /> happened and have been performed in due time, form and manner as required by law; that the <br /> indebtedness represented by this bond and the issue of which it forms a part does not exceed any <br /> constitutional or statutory limitation; and that taxes sufficient to pay the bonds and interest <br /> thereon have been duly levied in accordance with the Authorizing Legislation and made payable <br /> until all of the bonds and interest thereon have been fully paid and discharged. <br /> IN WITNESS WHEREOF, the City of Batesville, Arkansas has caused this bond <br /> to be executed by its Mayor and City Clerk and its corporate seal to be impressed or imprinted on <br /> this bond, all as of the Dated Date shown above. <br /> CITY OF BATESVILLE, ARKANSAS <br /> ATTEST: <br /> By <br /> Mayor <br /> City Clerk <br /> (SEAL) <br /> 10 <br />