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and <br />Mukilteo Blvd, to an intersection with the north marginal <br />line of Mukilteo Blvd.; th Wly along said N marginal line <br />of Mukllteo Blvd. to the SE cor* of Lot 1, Plat of David's <br />Marine Acres and the P.O.B. <br />The remaining portion of the costs and expenses of said <br />improvement, to -wit; 2.99%, shall be distributed and assessed <br />against a l l the property included in the remainder of such <br />enlarged district described as follows: <br />Begin at the NE cor, of Blk. 9, Map of Darlington; th <br />fly along the N line of said Elko 9 and the N line of <br />Lot 1, B1k. 4, Map of Darlington, to a point 250 feet <br />Ely of the E margin of Bayview Lane; th NWly at right <br />angles to said N line of Elks* 4 and 9, Map of Darlington, <br />to the S R/W line of the Great Northern Ry. Co.; th Ely <br />along the S R/W line of the Great Northern Ry0 Co. to an <br />intersection with the W line of Tract "Y" , Map of Dar- <br />lington.; th SWly along said W line of Tract "Y" , Map of <br />Darlington to the cor. of Blk. 9, Map of Darlington <br />and the P.O.B. <br />Section 6. A special fund is hereby created to be called <br />Local Improvement District Fund No.er6f-e which shall con- <br />sist in the aggregate of the several amounts assessed, levied <br />and collected on the several lots, tracts, and parcels of land <br />in said Local Improvement District and the proceeds of the sale <br />of bonds in said District for the purpose of defraying the cost <br />and expenses of such improvement plus the amount contributed by <br />the City of Everett. <br />Section 7. The cost and expenses of such improvement shall <br />be defrayed by special assessments payable in ten equal annual <br />installments with interest thereon at the rate of 6 under the <br />mode of payment by bond as provided by law and the ordinances of <br />the City of Everett. Bonds bearing interest at the rate of 6 <br />per annum payable on or before twelve years from date of issue <br />shall be issued in payment of the cost and expenses of such <br />improvement, or the City of Everett may, at its election, sell <br />said bonds and make payment in cash in the manner provided by <br />the ordinances of said city. <br />