Ordinance 2271 - Laserfiche WebLink

40 district herein created in accordance with law. The city of Everett shall not be liable in any manner for any portion of the costs and expenses of such improvement, except as provided in chapter 141, Session Laws of 1923 and ordinance No. 2126 of the city of Everett. Section 3: There is hereby established a Local Improve- ment District to be called Local Improvement District No, 447 , which district shall include the following described property, to-wit: Lots 10 to 15, Inc., Maple Heights Div. # 1. Lots 51 to 56, Inc., Maple Heights Div. # 1. Lots 23 to 28, Inc. , Maple Heights Div, # 2. • N.2 of N.E. ; of S.W.4 of S.W,4i Section 36, Iwp.29, Range 5. W.2 of N.W.4. of N.L.4 of S.W. 4, Sec. 36, Twp.29, Range 5. W.1 of S;W.4 of N.E.i of S.W.4, Sec. 36, Twp.29, Range 5. N.W.i, ofN.W.i of S.E. , of S.W.4, Sec. 36, Twp.29, Range 5. Section 4: A special fund is hereby created to be called Local Improvement District Fund No. ' 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 said District, for the rurpoee of defraying the costs and ex- penses of such improvement, out of said Fund shall be paid the bonds, the interest thereon and the entire cost of such improve- ment. Section 5: The costs and expenses of such improvement shall be defrayed by special assessments, payable in ten equal annual installments, with interest thereon at the rate of seven per cent. (7%) per annum under the mode of payment by bonds, as provided by law and the Ordinances of said city. Bonds bearing interest at the rate of seven per cent. (7%) per annum, payable on or before