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A • <br /> Section 4: A special fund is hereby created to be called <br /> "Local Irnbroveiaent Fund 1-o. 579 , " which shall consist in the <br /> agMregate of the several srounts assessed, levied end collected <br /> on the several lots , tracts and parcels of land in said local <br /> iraProveraent district and the proceeds of tha. sale of the bonds in <br /> said district for the purpose of defraying the costs and expenses <br /> at' such improvement. Out of said franc'.. shall be paid the ponds, the <br /> interest thereon and the entire cost of such i_Iprovement. <br /> Section 5: The costs and expenses of such i_ -.--.roveraent <br /> shall be defrayed by special assessment , Payable in 10 equal <br /> annual installments, n ith interest thereon at .7 rate of four ( 4c') <br /> per• cent per annuLL, under the mode of payment by Dol:Lds as provided <br /> by law end the ordinances of the Cit- of Everett . na T hearing <br /> interest at the rate of four ( :') per cent per annul., payable on <br /> or before tern—;lve years fro::- date of issue , shall be issued in <br /> payment of t,e costs Lind expenses of such inprovenent , or the City <br /> of Everett may, at its election, sell said. bonds and mane payment <br /> in cash in the manner provided by the ordinances of said city. <br /> nTT-ST: <br /> uty Ulerx <br /> lased. February llth , 1a47 . <br /> Published:. q 3 - ,q.7 <br />