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"Designated Officers" means the Manager and Finance Officer of the City. <br /> "Finance Officer" means the Director of Financial Ma agement of the City. <br /> "Note" or "Notes" means one or more, as applica le, of the not to exceed <br /> $7,250,000 Taxable General Obligation Notes, Series 2007, as authorized to be issued by <br /> this Ordinance. <br /> "Note Moneys" means the Pledged Taxes and any ot er moneys deposited into <br /> the Debt Service Fund and investment income earned in the De t Service Fund. <br /> "Note Register" means the books of the City kept y the Note Registrar to <br /> evidence the registration and transfer of the Notes. <br /> "Note Registrar" means The Bank of New York Trust Company, N.A., Chicago, <br /> Illinois, or, as provided herein, a successor bank with trust p wers or a trust cc�mpany, <br /> duly authorized to do business as a note registrar, as herein req ired. <br /> "Ordinance" means this Ordinance, numbered as s t forth on the title page <br /> hereof, and passed by the Council on the Sth day of October, 2 07. <br /> "Paying Agent" means The Bank of New York Trust Company, N.A., Chicago, <br /> Illinois, or, as provided herein, a successor bank with trust p wers or a trust company, <br /> duly authorized to do business as a paying agent, as herein req ired. <br /> "Pledged Taxes" means the taxes levied on the taxable roperty within the City to <br /> pay principal of and interest on the Notes as made in Section 1 hereof. <br /> "Record Dute" means the first day of the month of any interest payment date. <br /> "Taxable" means, with reference to the Notes, the s atus of interest paid and <br /> received thereon as includable in the gross income of the own rs thereof under the Code <br /> for federal income tax purposes. <br /> -3- <br />