Laserfiche WebLink
AP <br /> 0 <br /> • <br /> accordance with the law. The cost of said improvement , in excess <br /> of said sum of 41925.00 shall be paid by the City of Everett . The <br /> City of Everett shall not be liable for any portion of the cost <br /> of said improvement other than as hereinbefore provided and except <br /> as provided in Chapter 141, Session Laws 1923, and Ordinance No. <br /> 2126 of the City of Everett. <br /> Section 3. There is hereby established a Local Improvemert <br /> District to be called Local Improvement District No. 496 which <br /> district 401 include the following described property; Lots <br /> 1, 2, 3, 4, 5, 6, Block 5, Friday' s Second Addition. Beginning <br /> at the northeast corner of Northeast quarter of the southeast <br /> quarter; thence West 165 feet ; thence south 165 feet; thence <br /> east 165 feet; thence north to point of beginning, less Federal <br /> Street. Beginning 165 feet south of the northeast corner of the <br /> northeast quarter of the Southwest quarter, thence west 165 feet; <br /> thence south 165 feet; thence east 165 feet ; thence north to point <br /> of beginning, less Federal Street . <br /> Section 4. A special fund is hereby created to be called Local <br /> Improvement District Fund No. 496, which shall consist in the ag- <br /> gregate of the several amounts assessed, levied and collected on <br /> the several lots and parcels of land in said local improvement <br /> district, and the proceeds of the sale of the bonds of the said <br /> district for the purpose of defraying the costs and expenses <br /> of such improvement . Out of said fund shall be paid the bonds, <br /> the interest thereon and the mil= cost of such improvement, <br /> up to but not exceeding the sum of 41925.00. <br /> Section 5. That the costs and expenses of such improvement <br /> shall be defraed by special assessments, payable in ten equal <br /> annual installments, with interest thereon at the rate of seven <br /> ( 7 ) per cent per annum, under the mode of payment by bonds, as <br /> provided by law and the ordinances of said city. Bonds bearing <br /> interest at the rate of seven ( 7 ) per cent per annum, payable <br /> on or before twelve years from date of issue shall be issued in <br />