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, . 4. 1 <br /> r R <br /> • <br /> Lots 9 to 24 inclusive, Block 736, Plat of Everett <br /> Lots 1 to 8 inclusive, and lots 25 to 32 inclusive, Block 768, <br /> Plat of Everett <br /> Section 4: A special fund is hereby created to be called <br /> UEocal Improvement Fund No. 607 `s, which 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 said <br /> district for the purpose of defraying the costs and expenses of such <br /> improvement. Out of said fund shall be paid the bonds, the interest <br /> 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 equal annual <br /> installments, with interest thereon at the rate of four per cent <br /> per annum, under the mode of payment by bonds as provided by law and <br /> the ordinances of the City of Everett. Bonds bearing interest at <br /> the rate of four per cent per annum payable on or before twelve <br /> (12) years from date of issue, shall be issued in payment of the <br /> costs and expenses of such improvement, or the City of Everett may, <br /> at its election sell said bonds and make payment in cash in the <br /> manner provided by the ordinances of said City. <br /> Mayor <br /> Attest: <br /> .44 #(.-)1/ <br /> y Clerk <br /> Passed: August 3rd, 1948. <br /> Published: Aug. 4th, 1948. <br /> -2- <br />