Laserfiche WebLink
Section 4: A. special fund is hereby created to be <br /> called Local Improvement District Fund No. 557, which shall <br /> consist in the aggregate of the several amounts assessed, <br /> levied and collected on the several lots and parcels of land <br /> in said local improvement district, and the proceeds of the sale <br /> of bonds of said district, for the purpose of defraying the <br /> costs and expenses of such improvement .Out of said fund shall <br /> be paid the bonds, the interest thereon, and the cost of meteria s <br /> an' fixad estimate for the improvement. <br /> Section 5 : The costs and expenses of such improve- <br /> ment shall be defrayed by special assessrient , payable in /0 <br /> annual installments, with interest thereon at the rate of ui3 <br /> percent per annum, under the mode of payment by bonds as provide• <br /> by law and the rdinances of said City. Bonds bearing interest <br /> at the rate ofS -percent per annum, payable on or before i.2- <br /> years from date of issue , shall oe issued in payment of the cost <br /> and expenses of such improvement , or the City of Everett nay, <br /> at its election, sell said bonds and make payment in cash in <br /> the manner provided by the ordinances of said City . <br /> all <br /> ,.Mayor <br /> Attest: <br /> City Clerk <br /> Passed: / Z - 3 - '/ <br /> Published: / Z - 24 - "I/ <br />