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0 0 <br /> • (Form of Bond) <br /> REGISTERED REGISTERED <br /> No. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ARKANSAS <br /> CITY OF BATESVILLE, ARKANSAS <br /> WATER AND SEWER REVENUE REFUNDING BOND <br /> SERIES 2002 <br /> Dated Date: 1, 2002 <br /> Registered Owner: <br /> Principal Amount: <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> That the City of Batesville, Arkansas (the "City") , for <br /> value received, hereby promises to pay, but solely from the source <br /> as hereinafter provided and not otherwise, to the Registered Owner <br /> shown above, the Principal Amount shown above, in such coin or <br /> currency of the United States of America as at the time of payment <br /> shall be legal tender for the payment of public and private debts, <br /> and to pay by check or draft interest thereon, but solely from the <br /> source as hereinafter provided and not otherwise, in like coin or <br /> currency. Principal and interest evidenced hereby are payable in <br /> • monthly installments, as set forth in Exhibit A hereto, until <br /> payment of such principal sum or, if this Series 2002 Refunding <br /> Bond or a portion thereof shall be duly called for redemption, <br /> until the date fixed for redemption, and to pay interest on overdue <br /> principal and interest (to the extent legally enforceable) at the <br /> rate borne by this Series 2002 Refunding Bond. The unpaid balance <br /> of the principal evidenced hereby shall bear interest as set forth <br /> in Exhibit A hereto. <br /> Payment of each installment shall be made to the person <br /> in whose name this Series 2002 Refunding Bond is registered on the <br /> registration books of the City maintained by the Trustee at the <br /> close of business on the 20th day of the month (whether or not a <br /> business day) next preceding each payment date (the "Record Date") , <br /> irrespective of any transfer or exchange of this Series 2002 <br /> Refunding Bond subsequent to such Record Date and prior to such <br /> payment date. Payment of the final installment due hereon shall be <br /> only upon surrender of this Series 2002 Refunding Bond at the <br /> corporate trust office of The Citizens Bank, in Batesville, <br /> Arkansas, or its successor or successors, as Trustee and Paying <br /> Agent (the "Trustee") . Interest hereon shall be payable from the <br /> payment date next preceding the date on which this Series 2002 <br /> Refunding Bond is authenticated unless this Series 2002 Refunding <br /> Bond is authenticated on a payment date, in which case it shall <br /> bear interest from such date, or unless this Series 2002 Refunding <br /> Bond is authenticated prior to the first payment date, in which <br /> • 3 <br />