DRAINAGE IMPROVEMENT BONDS

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Bonds of the City of Bentonville issued in one or more series from time to time in the maximum aggregate principal amount of $19,750,000 for the purpose of financing all or a portion of the costs of facilities for drainage and flood control and any necessary land and easement acquisition therefor, and, in order to pay the bonds, the pledge as collateral of collections from a 1% local sales and use tax levied within the City by Ordinance No. 2003-108, adopted June 24, 2003, as it may be amended from time to time (the "Tax").  Collections of the Tax not necessary to pay bonds will be used for other lawful purposes.

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FOR the issuance of Drainage Improvement Bonds

 

AGAINST the issuance of Drainage Improvement Bonds

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