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No charge shall be made to any owner of any bond for the privilege of transfer or <br />exchange, but any owner of any bond requesting any such transfer or exchange shall pay any tax <br />or other governmental charge required to be paid with respect thereto. Except as otherwise <br />provided in the immediately preceding sentence, the cost of preparing each new bond upon each <br />exchange or transfer and any other expenses of the City or the Trustee incurred in connection <br />therewith shall be paid by the City. Neither the Trustee nor the City shall be required to transfer <br />or exchange any bonds selected for redemption in whole or in part. <br />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 />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 the <br />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 the <br />date fixed for redemption of any bonds shall be a Saturday or Sunday or shall be in the State a <br />legal holiday or a day on which banking institutions are authorized by law to close, then payment <br />of interest or principal need not be made on such date but may be made on the next succeeding <br />business day with the same force and effect as if made on the date of maturity or the date fixed for <br />redemption, and no interest shall accrue for the period after the date of maturity or date fixed for <br />redemption. <br />Section 5. 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 6. The bonds and the Certificate shall be in substantially the following <br />form and the Mayor and City Clerk are hereby expressly authorized and directed to make all <br />recitals contained therein: <br />(Form of Series 2024A 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 />TAXABLE REFUNDING SERIES 2024A <br />