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,r laws of 1923 and ordinance No. 2126 of the city of Everett. <br /> 4 I r Section 3. There is hereby established a Local Improvement <br /> a <br /> District to be clled Local Improvement District No. 434 which <br /> district shall include the following described property; <br /> Lots 1 to 70 Inc., in Block 15, Central Park Addition. <br /> Section 4. A special fund is hereby created to be called <br /> Local Improvement District Fund No. 434 , which shall consist in <br /> aggregate of the several amounts assessed, levied and collect- <br /> ° <br /> ed on the several lots, and parcels of land in said Local Improve- <br /> went District, and the proceeds of the sale of the bonds of said <br /> District, for the purpos e of defraying the costs ar. d expenses of <br /> 4 7. <br /> improvement, out of said Fund shall be such paid the bonds, the <br /> interest thereon and the entire cost of such improvement. <br /> • <br /> Section 5. The 'costs and expenses of such improvement shall <br /> be defrayed by special assessments, payable in five (5)A nnual in- <br /> =:.etallments, with interest t)iereon at the rate of seven per cent. <br /> (7j%) per annum under the mode of payment by bonds, as provided by <br /> law, and the Ordinances of said city. Bonds bearing interest at <br /> . the rate of seven per cent. ( 7%) per annum, payable on or before <br /> ;seven (7) years from date of issue shall be issued in payment of <br /> s, the cost and expense of such improvement, or ,the City at' Everett <br /> may at its election, sell said bonds and make payment in cash in the <br /> manner provided by the ordinances of said city. <br /> =t. <br /> �- yr <br /> Passed: t 0' - b.. .lg <br /> Attest• <br /> Published October 8, <br /> r , <br /> i <br /> ytr .. f t <br />