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, v , • <br /> A <br /> the improvement of the north half of the intersection of 41st <br /> Street and. Hoyt Avenue, not exceeding the sum of one hundred <br /> dollars (0100.00). <br /> Section 4: A special fund is he eby created to be called <br /> Local Improvement District Fund N , Wbdch shall consist <br /> ct./74 <br /> in the aggregate of the several amounts assessed, levied aid <br /> collected on the several lots and parcels of land in said lo- <br /> cal improvement district, and the, proceeds of the sale of all <br /> the bonds of said district, for the purpose of defraying the <br /> cost and expense of such improvement. Out of said fund shall <br /> be paid the bonds, interest thereon and the entire cost of said <br /> improvement. <br /> Section 5: That the cost and expense of said improve. <br /> meat shall be defrayed by special assessments, payable in five <br /> equal annual installments with interest thereon at the rats <br /> of seven ( 7) per cent. under the mode of payment by bongs, as <br /> defined by law and the ordinances of said city. Bond* bear- <br /> ing interest at the rate of seven (7) per cent, per annum, <br /> payable on or before seven (7) years from, date of issue, shall <br /> be issued in payment of the cost and expense of such improve- <br /> ment or the city of Everett may, at its election, sell said <br /> bonds and make payment in cash in the manner provided by the <br /> ordinances of said city. <br /> Section 61 That' Ordinance llo. 2394, and all other or. <br /> dinances and parts of ordinances in conflict herewith, are here- <br /> by repealed. <br /> Section 7: That an emergency forists and this ordinance <br /> shall take effect immediately upon its passage and publication. <br /> MAYOR. <br /> At J.-, , <br /> City k.,lark. <br /> Passed: NOV 2 7 1928 <br /> Published: NOV 2 9 1928 <br />