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The person in whose name any bond shall be registered shall be deemed and <br /> regarded as the absolute owner thereof for all purposes, and payment of or on account of the <br /> • <br /> principal or premium, if any, or interest on any bond shall be made only to or upon the order of <br /> the registered owner thereof or his legal representative, but such registration may be changed as <br /> hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge <br /> the liability upon such bond to the extent of the sum or sums so paid. <br /> In any case where the date of maturity of interest on or principal of the bonds or <br /> the date fixed for redemption of any bonds shall be a Saturday or Sunday or shall be in the State <br /> a legal holiday or a day on which banking institutions are authorized by law to close, then <br /> payment of interest or principal need not be made on such date but may be made on the next <br /> succeeding business day with the same force and effect as if made on the date of maturity or the <br /> date fixed for redemption, and no interest shall accrue for the period after the date of maturity or <br /> date fixed for redemption. <br /> Section 4. The bonds shall be executed on behalf of the City by the manual or <br /> facsimile signatures of the Mayor and City Clerk and shall have impressed or imprinted thereon <br /> the seal of the City. <br /> Section 5. The bonds and the Certificate shall be in substantially the <br /> following form and the Mayor and City Clerk are hereby expressly authorized and directed to <br /> make all recitals contained therein: <br /> (Form of Bond) <br /> REGISTERED REGISTERED <br /> No. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ARKANSAS <br /> COUNTY OF INDEPENDENCE <br /> CITY OF BATESVILLE <br /> SALES AND USE TAX BOND <br /> SERIES 2012 <br /> Interest Rate: % Maturity Date: September 1, <br /> Dated Date: July 1, 2012 <br /> Registered Owner: Cede & Co. <br /> Principal Amount: Dollars <br /> CUSIP No.: <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> That the City of Batesville, County of Independence, State of Arkansas (the <br /> ® "City"), for value received, hereby promises to pay to the Registered Owner shown above upon <br /> 6 <br />