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, <br /> • <br /> Lots 8A, 9, 9A, 10 , 10A and 11 to 18 inc. , Block <br /> 671, Plat of Everett; <br /> Lots 18A, 19 and 19A, Block 671, Plat of : verett; <br /> i orth 80 ft. of South Half of Block 672, Plat of <br /> Everett, Div. "C"; <br /> Strip of land North of Lots 8 to 18 inc. , and South <br /> of a line 120 ft. .North of _north ± roperty Line <br /> of Hewitt Avenue , Block 672, Plat of Everett , <br /> Division "C"; <br /> Lots 8 to 18 inc . , Block 672, Plat of Everett , <br /> Division "C11; <br /> F. Lots 8 and 9, Block 673, Plat of Everett, Div. "C"; <br /> Lots 15 to 20 inc. , and F. Lot 21 , Block 673, <br /> Plat of Everett, Div. "C" <br /> A tract of land 2.Aorth of Lots 15 to 20 inc. , and South <br /> of Lots 9 and 21 , Block 673, Div. "C"; <br /> F. Lot 30 and Lots 31 to 40 inc. , Block 677, 1j1 at of <br /> Everett, Div. "C"; <br /> Lots 1 to 10 inc. and F. Lot 11, Block 678, Flat <br /> of Everett, Div. "C"; <br /> F. Lot 31 and Lots 32 to 41 inc. , Mock 678, Flat <br /> of Everett, <br /> Lots 1 to 10 inc . , and F. Lot 11 , Block 679 , <br /> Plat of Everett; <br /> P. Lot 30 and Lots 31 to 40 inc. , Block 679, flat <br /> of Everett. <br /> Section 4 : A special fund is hereby created to <br /> be called Local Improvement District Fund .b1o. 514 , 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, the proceeds of the sale <br /> of bonds of the said district and the moneys allocated from <br /> the Washington State Motor Vehicle Fund and the Federal grant, <br /> for the purpose of defraying the costs and ex_oenses of such <br /> improvement. Out of said fund shall be paid the bonds, <br /> interest thereon and the entire cost of such improvement. <br /> Section 5: The costs and expense of such improve- <br /> ment shall be defrayed from funds allocated to the City of <br /> Everett from the Washington State Motor Vehicle Fund and by <br /> Federal ant , and by special assessment not to exceed Thirty <br /> percent (30;n") thereof, plus fixed estimate , payable in Ten <br /> (10) equal annual installments, with interestthereon at the <br /> rate of Five percent (5%) per annum, under the mode of payment <br /> by bonds, as provided by law and the ordinances of the City. <br /> Bonds bearing interest at the rate of Five percent (5 a) per <br /> annum, payable on or before Twelve (12) years from date of issue , <br /> shall be issued and sold by the City of Everett for the purpose <br /> of paying the costs and expense of such improvement to be paid <br /> for by assessments on the property within said assessment <br /> district, and the cost and expense of such improvement sl—iall <br /> be paid for in cash in the manner provided by the ordinances <br /> of said city. <br />