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e <br /> 3 � . ` ' <br /> ♦ <br /> The person in whose name the Note shall be registered shall be deemed and regarded as <br /> the absolute owner thereof for all purposes, and payment of the principal of or interest on such <br /> Note shall be made only to or upon the order of the registered owner thereof or his legal <br /> representative. All such payments shall be valid and effectual to satisfy and discharge the <br /> liability upon such Note to the extent of the sum or sums so paid. <br /> No registered owner shall be charged a service charge for any transfer or exchange of the <br /> Note, but the City may require payment of a sum sufficient to cover any tax or other <br /> governmental charge that may be imposed in connection with any transfer or exchange of the <br /> Note exchanged in the case of the issuance of a new Note for the outstanding portion of the Note <br /> surrendered for redemption. <br /> Section 6. Form of Note. The Note shall be in substantially the form attached <br /> hereto as EXHIBIT B. <br /> Section 7. Securiry for the Note; Operation of Special Tax Allocation Fund; the <br /> Limited Incremental Sales Tax Subaccount;Investment Income. � <br /> A. Pledged Moneys Pledged. For the prompt payment of principal of and interest <br /> on the Note when due, the City hereby pledges the Incremental Property Taxes and the Limited <br /> Incremental Sales Taxes as hereinabove provided (collectively, the `Pledged Moneys"). The <br /> Note, together with the interest and premium, if any, thereon is a limited obligation of the City, <br /> payable solely and only from the collection of (i) the Incremental Property Taxes and the <br /> amounts on deposit in the hereinafter created Principal and Interest Account of the Special Tax <br /> Allocation Fund and (ii) the Limited Incremental Sales Taxes and the moneys on deposit in the <br /> -15- <br />