Ordinance 2412 (3) - Laserfiche WebLink

! ! Lots la, 1 to 4, Inc. Block 685. Plat of Everett. Lots 5 to 10, Inc . Block 686. Everett Land Co. 's 1st Addition. Fractional Lots 18, 19 to 31, Inc. Block 685. Plat of Everett. Lots la, 1 and Fractional Lot 2. Block 686, Plat of Everett. Lots 18 to 30, Inc. Block 686. Plat of Everett. Lots la, 1 and Fractional Lot 2. Black 687. Plat of Everett. Fractional Lot 17, 18 to 28. Inc.. Block 687, Plat of Everett. Lots 1 to 16, Inc. Block 719. Plat of Everett. Lots 17 to 32, Inc. Block 720. Division H. Plat of Everett. Section 4: A special fund is hereby created to be called Local Improvement District Fund No. 19f, which shall consist in, the aggregate of the several amounts assessed, levied and col- lected on the several lots, and parcels of land in said local improvement district, and the proceeds of the sale of the bonds of the said district, for the purpose of defraying the costs and expenses of such improvement . Out of said fund shall be paid the bonds, the interest thereon and the entire cost of such improvement. Section 5: '2'he costs and expenses of such improvement shall be defrayed by special assessments, payable in ten (10) equal annual installments, with interest thereon at the rate of seven (7) per cent , per annu, under the mode of payment by bonds, as provided by law and the ordinances of said city. Bonds bear- ing interest at the rate of seven (7) per cent . per annum, pay- ' able on or before twelve years from date of issue, shall be issued in payment of the cost and expense of such improvement, • or the City of Everett may, at its election, sell said bonds and make payment in cash in the manner provided by the ordin- ances of said city. MAYOR.