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be Idifille iiii any manner for any Tvortion of the cost. and expenses cf <br />such improvement, except as pr'vided in Chapter 141, 3ession Lams of <br />1923, and Ordinance 'N7 . 2126 of the City ..,-,' Everett. <br />Section 3: There is hereby established. a local Improvepent Di <br />trict to be called Local Improvement District fo.507 , which di- <br />trict shall incluae the followine described property: <br />Lots-1 to 12, Inc., Block 657, 3u5.1ell's aecond <br />A6dition to Everett. <br />s 29 and SO, Swairel ddition <br />erett. <br />fifty per cent of the cost of sEid improvement <br />be assessed <br />against Lote 11 and 12 an, 29 and A Bloch 657, Swalwell's Second <br />Addition to "Everett on the forth side of said improvement and the <br />remainin fifty -Pe- cent -shall be assessed acdnst the ;Jroferty abut- <br />ting on the South side ol said improvement. <br />Section 4: A special fund hereby created to be called Local <br />Improvement District 2und Nc <br />507 <br />which shall consist in the ag- <br />Fregate of the several amounts assessed, levied and collected on the <br />several lote and parcels of land. in. said Local Improvement Dist-ict, <br />and the proceeds of the sale of the bonds of said district, for the <br />purpose of defraying the cote md expenses of such improvement. Out <br />of said fund shall be paid the bonds, the interest thereon and the entire <br />cost of such improvement. <br />Section : he costs and expenses of such impr. vement shall be <br />def ay d by special assessments, payable in ten (1 equal an4ual <br />assessnante, with interest thereon at the rate of <br />cent per annum, under the mode of payment by bonds, as'provideL by law. <br />and the Gi*Lnances of this city. Bonds tearinp intereEA at the rate <br />of s.per cent per aunurn, payable on or before twelve (12) years <br />from date of issue shall beissued in payment of the cost and ex-ise <br />improvement, or the City of Everett mciT, at its election sell <br />said bondp_and make payment in ca. -i in the manner provided by the <br />ordinaylCes ' said.pity. f <br />„--, <br />AmTTZ--- .-------1-----c '-e..., <br />1 <br />Cftp Cler 1,1ay <br />-sed: January 6th, 1931 Pu,,11,91,-, _. January 9th, 1931. - <br />