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<br /> The City of Everett shall not be liable in any manner for
<br /> any portion of the costs and expenses of such improvement except
<br /> as provided by Chapter 141 Session Laws of 1923, or acts amendatory
<br /> 'thereto and the ordinances of the City of Lverett.
<br /> Section 3: That there is hereby established a local
<br /> impro,,^i ent district to be known as "Local Improvement District
<br /> ,No. 580 , ' which district shall include the following described
<br /> proptlty located in Everett, Snohomish Cthunty, Washington, to-wit:
<br /> Lots 9 to 24 inclusive, Block 548, Plat of Everett ,
<br /> i - Lots 9 to 24 inclusive, Block 549, Plat of Everett, ,
<br /> Lots 9 to 24 inclusive, Block 550, Plat of Everett,
<br /> 'Lots 17 to 24 inclusive Block 551, Plat of Lverett.
<br /> Lots 9 to 24 inclusive, Block 551, Monitor Addition to Everett,
<br /> ,Lots 9 to 24 inclusive, including that portion of the vacated
<br /> alley abutting said lots in Block 552, Monitor Addition
<br /> to Everett.
<br /> '"Lots 1 to 8 inclusive, and lots '25 to 32 inclusive, Block 562,
<br /> :!Tonitor Addition to Everett .
<br /> The North 4.3 feet of lots 9 and 24, Block 562, pucker 's
<br /> First Plat of Everett.
<br /> `Lots 1 to 8 inclusive and 25 to 32 inclusive, Block 563,
<br /> Monitor Addition to y'verett.
<br /> The North 4.3 feet of lots 9 and 24, Block 563, pucker 's
<br /> First Plat of Everett.
<br /> , Lots 1 to 8 inclusive and 25 to 32 inclusive, Block 564,
<br /> Plat of Lverett
<br /> Lots 1 to 8 inclusive and 25 to 32 inclusive, Block 565,
<br /> Plat of Everett.
<br /> Lots 1 to 8 inclusive and 25 to 32 inclusive, Block 566,
<br /> Plat of Everett.
<br /> 4 Section 4: A special fund is hereby created to be called
<br /> i"Local Improvement ''is trict Fund Ko. 580 " which shall consist in
<br /> ;the ag,-regate of the several amounts assessed, levied and collected
<br /> ion the several lots, tracts and parcels of land in said local
<br /> improvement district and the proceeds of the sake of the bonds in
<br /> said district for the purpose of defraying the costs and expenses of
<br /> such improvement. Gut of said fund shall be paid the bonds, the
<br /> {interest thereon and the entire cost of such improvement, except the
<br /> amount to be paid by funds from the Washington State Development
<br /> [Board.
<br /> Section 5: The costs and expenses of such improvement to
<br /> be assessed against the owners of the property within said district
<br /> las set f cs th in Section 2 of this Ordinance shall be defrayed by
<br /> ; special assessment, payable in ten equal annual installments, with
<br /> interest thereon at the rate of four per cent per annum, under the
<br /> mode of payment by bonds as provided by law and the ordinances of
<br /> the City of Everett. Bonds 'Dearing interest at the rate of four
<br /> per cent per-annum, payable on or before twelve years from date of
<br /> issue, shall be issued in payment of the costs and expenses of such
<br /> improvement, or the City of y'verett may, at its election, sell said
<br /> bonds and make payment in cash in the manner provided by the ordinances
<br /> of said City.
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