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Washington, and Bank of New York, New York, New York, or any <br /> fiscal agent of the State of Washington that may hereafter be <br /> designated as successor to such banks. <br /> "Bond Year" means each successive one-year period (or <br /> shorter period from the date of issue) that ends at the close of <br /> business on September 30. <br /> "Bonds" means the City of Everett, Washington, Limited Tax <br /> Levy General Obligation Bonds, 1990, Series B, issued pursuant to <br /> this ordinance. <br /> "City" means the City of Everett, Washington, a municipal <br /> corporation duly organized and existing under and by virtue of <br /> the Constitution and laws of the State of Washington. <br /> "City Clerk" means the duly appointed and acting Clerk of <br /> the City. <br /> "Code" means the federal Internal Revenue Code of 1986, as <br /> amended, together with applicable regulations. <br /> "Council" means the general legislative authority of the <br /> City as the same shall be duly and regularly constituted from <br /> time to time. <br /> "Final Computation Date" means the date that the last Bond <br /> is discharged. A Bond is discharged on the date that all amounts <br /> due under the terms of the Bond are actually and unconditionally <br /> due if cash is available at the place of payment and no interest <br /> accrues with respect to the Bond after such date. <br /> "Finance Director" means the Director of the Office of <br /> Financial Management of the City or any successor to the <br /> functions and responsibilities of said Director. <br /> "Installment Computation Date" means the last day of the <br /> fifth Bond Year and of each succeeding Bond Year. <br /> -2- KR113 90/09/17 <br />