Ordinance 3704 - Laserfiche WebLink

Lots 11 to 17, inc. , Elk. 166, Plat of Swalwell ' s Fourth Add. to Everett, Wash. Lots 18 to 24, inc. , Elk. 167, Plat of Swalwell ' s Fourth Add. to Everett, Wash. Lots 1 to 9, inc. , Elk. 177, Plat of Swalwell 's Fourth Add. to Everett, Wash. Lots 26 to 34, inc. , Elk. 176, Plat of Swalwell ' s Fourth Add. to Everett, Wash. Lot 26, Elk.. 176, Bailey Add. to Everett Lot 9, Elk. 177, Dailey Add. to Everett Section 4: A special fund is hereby created to be call- ed "Local Improvement Fund No. 651 " , which shall consist in the aggregate of the several amounts assessed, levied and collected. on the several lots, tracts and parcels of land in said local improvement district and the ' proeeeds of the sale of the bonds in said district for the purpose of defraying the costs and expenses of such improvement. Out of the said fund shall be paid the bonds, the interest thereon, and the entire cost of such improvement. Section 5 : The costs and expenses of such improvement shall be defrayed by special assessment payable in ten (10) equal annual installments with interest thereon at the rate of four percent (4 ) per annum, under the mode of payment by bonds as provided by law and the ordinances of the City of Everett, Bonds bearing interest at the rate of four percent (4 ) per annum pay- able on or before twelve (12) years from date of issue, shall be issued in payment of the costs and expenses of such improvement, or the City of Everett may, at its election, sell said bonds and make payment in cash in the manner provided by the ordinances of said city. Na yo Attest: Ci " C r? Passe.: Dec. 30, 1958 Published: Dec. 31, 1058