Bonds of the City of Bentonville issued in one or more series from time to time in the maximum aggregate principal amount of $23,000,000 for the purpose of refunding the City's outstanding Sales and Use Tax Bonds, Series 2009, Series 2010 and Series 2017, 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.
FOR the issuance of Refunding Bonds
AGAINST the issuance of Refunding Bonds