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V. •
<br /> r.
<br /> -he City of :�verett shall not be liable in any manner for
<br /> any portion of tine costs and expenses of such improvement except as
<br /> provided by L'hapter 141 Session Laws of 1923, or acts amendatory
<br /> thereto and the ordinances of the City of Everett.
<br /> Section 3: That there is hereby established a local
<br /> improvement district to be known as "Local Improvement District
<br /> _.o. 572 , " which district shall include the following des-
<br /> cribed property located in r,verett, Snohomish County, "eshington,
<br /> to-wit:
<br /> Lots 1, 2 , 3, 4 and 5, .clock 638, Swalwell ' s Second
<br /> addition to Lverett ;
<br /> Lots 21, 22 , 23, 24, 25, 26, 27 , 28, 29 , and 30 ,
<br /> Block 638, Swalwell ' s Second Addition to Everett ;
<br /> Lots 6 , 7 , 8, 9 , 10, 11, 12 , 13, 14, 15 , 16 , 17,
<br /> 1H, 19 end 20 , Block 639, l,iitchell Land &
<br /> Improvement Company's First =ddition to Everett .
<br /> Section 4: A special fund is hereby created to be
<br /> called "Local Improvement District Fund vo. 572 , " which shall
<br /> consist in the aggregate of the several amounts assessed, levied
<br /> and collected on the several lots, tracts and parcels of land in
<br /> said local improvement district and tile proceeds of the sale of the
<br /> bonds in said district for the purpose of defraying the costs and
<br /> expenses of such improvement . Out of said fund shall be paid- the
<br /> bonds, the interest thereon and the entire cost of such improvement ,
<br /> except the amount to be paid by funds from the Washington State
<br /> Development Loard.
<br /> Section 5: fhe costs and expenses of such improvement
<br /> to be assessed aFainst the owners of the property within said dis-
<br /> tri't as set forth in Section 2 of this Ordinance shall be defrayed
<br /> by special assessment , payable in Ten (10) equal annual installments,
<br /> with interest thereon at the rate of four percent (4,-) per annum,
<br /> unaer the moc.e of payment by bonds as provided by law and the
<br /> ordinances of the City of _verett . bonds bearing interest at the
<br /> rate of hour percent (45) per annum, payable on or before 12
<br /> years from date of issue , shall be issued in payment of the costs
<br /> and expenses of such improvement , or the City of Everett may, at
<br /> its election, sell said bonds and make Payment in cash in the manner
<br /> provided by the ordinances of said City.
<br /> 8:Tor
<br /> Ltte st
<br /> /, /1 .
<br /> f✓ � City Clerk
<br /> Passed: July 23rd, 17'46 .
<br /> Published: " 24th, 1946 •
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