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or resignation or other absence of either such officer, the Note may be signed by the manual or facsimile signature of that officer who may act on behalf of such absent or disabled officer. In case either such officer whose signature or facsimile of whose signature shall appear on the Note shall cease to be such officer before the delivery of the Note, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he or she had remained in office until delivery. 10. Treatment of Registered Owner. The City may treat the person in whose name the Note is registered as the owner of the Note for the purpose of receiving payment of principal of the Note and for all other purposes whatsoever whether or not the Note shall be overdue, and the City shall not be affected by notice to the contrary. 11. Delivery. The Note when so prepared and executed shall be delivered by the City Manager to the Developer upon the Developer's purchase of the Part I Redevelopment Property. 12. Fund and Accounts. The increments from the Tax Increment District are first deposited in the City's General Obligation Tax Increment Bonds, Series 1994, Debt Service Fund, and General Obligation Tax Increment Bonds, Series 1995, Debt Service Fund, and shall be transferred as and to the extent provided in this paragraph. There is hereby created a special fund to be designated the "Gateway Taxable Tax Increment Revenue Note of 1997 Debt Service Fund" (the "Fund") to be administered and maintained by the Treasurer as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained in the manner herein specified until the Note has been fully paid or will not be paid after February 1, 2011. There are hereby irrevocably appropriated and pledged to, and there shall be credited to, the Fund: (a) seventy-five percent (75%) of Project Tax Increments (as defined in the Development Agreement), being the Pledged Project Tax Increments (as defined in the Development Agreement); (b) all investment earnings on funds held in the Fund; and (c) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Fund. The Fund shall be used solely to pay the principal of the Notei provided, however, that tax increments in excess of amounts needed to pay the principal of the Note may be devoted to any other use permitted by law. 13. Tax Increments. The portion of the tax increments derived from the Tax Increment District which are represented by seventy-five percent (75%) of Project Tax Increments (as defined in the Development Agreement) is hereby pledged to the payment of 355863.2 4