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• been performed in regular and due time, form and manner as required by law; that this bond does not exceed any constitutional or statutory limitation of indebtedness; and that provision has been made for the payment of the principal of and interest on this bond, as provided in the Authorizing Ordinance. IN WITNESS WHEREOF, the City of Batesville, Arkansas has caused this bond to be executed in its name by its Mayor and City Clerk, thereunto duly authorized, and its corporate seal to be affixed, all as of the day of , 2010. [The Bond shall contain signature spaces, a registration certificate and record of payment advances.] Section 5. The City Treasurer shall be custodian of the Pledged Revenues and shall give bond for the faithful discharge of his or her duties as such custodian, in an amount not less than $250,000 per occurrence. All Pledged Revenues received by the City Treasurer shall be deposited by him or her in such depository or depositories for the City as may be lawfully designated from time to time by the City; provided that each depository must hold membership in the Federal Deposit Insurance Corporation ("FDIC"). Any deposit in excess of the amount insured by FDIC shall be secured by Government Obligations (as defined in Section 15 hereof). Section 6. (a) The City Treasurer shall deposit all collections of the Tax as and when received into a special fund of the City that is hereby created and designated "Sales and • Use Tax Revenue Fund" (the "Revenue Fund"). The City Treasurer shall set aside and make provision as set forth in (b) below from moneys in the Revenue Fund for the payment of the principal of and interest on the Series 2010 Bond by making a deposit as set forth in (b) below into an account of the City in a special fund to be created by the Bondholder (the "2010 ADFA Bond Fund") for the purpose of paying the principal of and interest on the Series 2010 Bond in the amounts specified in(b)below. (b) In order to pay interest on the Series 2010 Bond,there shall be deposited from moneys in the Revenue Fund into the 2010 ADFA Bond Fund on each April 15 and October 15 after the Series 2010 Bond is issued and delivered until October 15, 2012, the interest due on the Series 2010 Bond on such dates. Commencing on the first business day of each month thereafter, there shall be deposited into the 2010 ADFA Bond Fund from moneys in the Revenue Fund an amount equal to 1/6 of the amount of interest on and principal of the Series 2010 Bond next due. (c) If moneys in the Revenue Fund are insufficient to make the required payment on or before the first business day of the following month into the 2010 ADFA Bond Fund, the amount of any such deficiency in the payment made shall be added to the amount otherwise required to be paid into the 2010 ADFA Bond Fund on the first business day of the next month. (d) When the moneys held in the 2010 ADFA Bond Fund which represent ® payments by the City and interest earnings thereon or proceeds of investments therefrom (collectively, "City Funds") shall be and remain sufficient to pay in full the principal of and 6