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. 4 <br /> Lots 21 to 40, inc. , Blk. 677, Plat of Everett, Div. C <br /> Lots 1 to 20, inc. , Blk. 678, Plat of Everett, Div. C <br /> Lots 1 to 15, inc. , Blk. 722, Plat of Everett, Div. H <br /> Lots 29 and 30, Elk. 723, Plat of Everett, Div. H <br /> Section 4: A special fund is hereby created to be called <br /> , <br /> "Local Improvement Fund No. 541 wnich shall consist in the <br /> aggregate of the several amounts assessed, levied and collected <br /> on the several lots, tracts and parcels of land in said local <br /> improvement district and the proceeds of the sale of the bonds in <br /> said district for the purpose of defraying the costs and expenses <br /> of such improvement. Out of said fund shall be paid the bonds, <br /> the interest thereon, and the entire cost of such improvement. <br /> Section 5 : The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable in ten (10) equal <br /> annual installments with, interest thereon at the rate of four <br /> per cent (4%) per annum, under the mode of payment by bonds as <br /> provided by law and the ordinances of the City of Everett. Bon <br /> bearing interest at the rate of four per cent (4 ) per annum, <br /> payable on or before twelve ( 12) years from date of issue, shall <br /> be issued in payment of the costs and expenses of such improvement, <br /> or the City of Everett may, at its election, sell said bonds and <br /> make payments in cash in the manner provided by the ordinances of <br /> said City. <br /> OW -- <br /> Mayor <br /> Attest : <br /> Cit ?7,7Cle, x <br /> 3 <br /> Passed: July 311 1956 <br /> Published : " 4, 1956 <br />