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Ordinance 2774
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Ordinance 2774
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7/7/2023 2:01:57 PM
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Ordinances
Ordinance Number
2774
Date
7/20/1938
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4 4 <br /> & ! 4 • <br /> e 4 . <br /> Lots 9 to 24 inclusive, Block 621, Plat of Everett ; <br /> Lots 9 to 24 inclusive, Block 622, Plat of Everett; <br /> Lots 9 to 24 inclusive, Block 623, Plat of Everett; <br /> Lots 9 to 24 inclusive, Block 624, Plat of Everett; <br /> Lots 9 to 24 inclusive, Block 625, Plat of Everett; <br /> Lots 1 to 8 inclusive, Block 667, Plat of Everett; <br /> Lots 19 to 26 inclusive,Block 667, Plat of Everett; <br /> Lots 1 to 8 inclusive, Block 668, Plat of ; <br /> verett; <br /> Lots 19 to 26 inclusive,Block 668, Plat of Everett; <br /> Lots o to 8 inclusive, Block 669, Plat of Everett; <br /> Lots 19 to 26 inclusive,Block 669, Plat of Everett; <br /> Lots 1 to 8 inclusive, Block 670, Plat of Everett; <br /> Lots 19 to 26 inclusive,Block 670, Plat of Everett; <br /> Lots 1 to 8 inclusive, Block 671, Plat of Everett; <br /> ofEverett. <br /> t ; <br /> Lots 20 and 20A to 26 inclusive, Block 671, Plat <br /> Section 4: A special fund is hereby created to be <br /> called "Local Improvement District Fund No. 557g4/ ," which shall <br /> consist in the aggregate of the several amounts assessed, levied <br /> and collected on the several lots and parcels of land in said <br /> local improvement district, and the proceeds of the sale of bonds <br /> of said district for the purpose of defraying the cost and expen e <br /> of such improvement. Out of said fund shall be paid the bonds a d <br /> interest thereon, and the entire cost of said improvement, excep <br /> the amount contributed by the federal government under PWA. <br /> Section 5: The cost and expense of such improvemen <br /> shall be defrayed in the manner set forth in this ordinance. Th= <br /> cost of said improvement to be borne by the property in said dis <br /> trict shall be defrayed by special assessment, payable in Ten <br /> (10) annual installments, with interest thereon at the rate of <br /> F ' y cE per cent per annum, under the mode of payment by bonds <br /> as provided by law and the ordinances of said City. Bonds bear- <br /> ing interest at the rate of FINE.- per cent per annum, payable <br /> on or before Twelve ( 12) years from date of issue, shall be <br /> issued in payment of the cost and expense of such improvement <br /> assessed against the property in said district, or the City of <br /> Everett may sell the bonds and make payment in cash in the manner <br /> provided by law and the ordinances of said City. <br /> Mayor <br /> Attest: <br /> i y lerk <br /> Passed: "u1y 20th, 1938 <br /> Published: July 21st, 1938 <br />
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