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I <br /> a complete improvement , according to the plans and specifications, <br /> prepared under the direction of the City Engineer, which plans <br /> and specifications are hereby adopted and approved. <br /> Section 2 : That the cost and expense of such improvement <br /> including all necessary incidental expenses shall be borne by and <br /> assessed against the property included in the assessment district <br /> herein created in accordance with law.The City of Everett shall <br /> not be liable in any manner for any portion of the costs and <br /> expenses of such improvement , except as provided in Chap ter 141, <br /> Session Laws of 1923 and Ordinance No .2126 of the City of <br /> Everett. <br /> Section 3 : There is hereby established a Local Improve- <br /> ment District to be called. Local Improvement District No 417 <br /> which district shall include the following described property, <br /> to-wit: <br /> Lots 8 to 27 inclusive , Block 683, 'Plat of Everett. <br /> Section' 4 : A special fund is hereby created to be <br /> called. Local Improvement District Fund. No 4:17 , which shall <br /> consist in the aggregate of the several amounts assessed, levied <br /> and collected on the several lots and parcels of land in said <br /> Local Improvement District, and the proceeds of the sale of the <br /> bonds of the said District , for the purpose of defraying the <br /> costs and expenses of such improvement . Out of said Fund shall <br /> be paid the bonds , the interest thereon and the entire cost of <br /> such improvement . <br /> Section 5 : The costs and expenses of such improvement <br /> shall be defrayed by special assessments, payable in ten (10) <br /> equal annual installments , with interest thereon at the rate of <br /> seven (7) percent per annum under the mode of payment by bonds, <br /> as provided by law and the ordinances of said city. Bonds bearing <br />