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1" 4.. <br /> Section 3: That there is hereby established a local improvement dis- <br /> (! trict to be known as "Local improvement District No. 4.MO , which district <br /> shall include the followi ne_ described property located in Everett, Snohomish <br /> County, Mash;:ngton: <br /> Lots 1 to 13, inclusive, Block 18, Central Park Addition to Everett <br /> Lots 68 to 75, inclusive, Plat of Claremont Heights <br /> Frac. of Lots 102,103,104,105,106 and 107 Plat of Claremont Heights <br /> Section Li: A special fund is hereby created to be called Local Im- <br /> provement Fund No. 640 �.._._,, whi^h shall consist in the aggregate of the <br /> se'jeral. amounts assessed, levied and collected on the several lots, tracts and. <br /> nar.cels of land in sa d local improvement district and the proceeds of the sale <br /> ' of bonds in say 3 district, for the purpose of defraying the costs and expenses <br /> of such improvement. <br /> Section 5: The costs and expense of such improvement shall be defrayed <br /> by special_ assessment, payable in ten (10) equal annual installments, with <br /> interest thereon at the rate of four per (Lii) per annum, under the mode of <br /> payment by bonds as provided by law and the ordi nances of the City of liPerett. <br /> .bonds bearing interest at the rate of four per cent (4%) per annum payable on or <br /> barore twelve (12) years from date a" issue, shall be issued in payment of the <br /> costs and expenses of such improvement, or the City o° Everett may, at its elec- <br /> tion, sell said bonds and make payment in cash in the mariner provided by the <br /> ordinances of the said City. <br /> Attest: <br /> /blerk <br /> Passed: June 26, 956 <br /> Published: June 27, 1956 <br /> 4.9- <br />