Ordinance 2148 - Laserfiche WebLink

7 Tract of land lying bet. the N. line of 22nd St . produced as platted in Wiley Land Co 's 2nd 'dd; and a line parallel to and dist . 57 ft . north therefrom and bet . the E. line of Chestnut St . and the west line of the alley east therefrom. Tract of land lying between the N. line of 22nd St . produced as platted in Miley Ld. Co 's end Add. and between a line parallel to and distant 57 feet North therefrom and bet . the Vest line of Chestnut Street and the East line of the alley west therefrom. Section 4 : A special fund is hereby created to be called Local Improvement District Fund No 407 , which shall consist in the aggregate of the several amounts assessed, levied and collected on the several lots and parcels of land in said local Improvernent 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 : The costs and expenses of such improvement shall be defrayed by special assessments , payable in five (5 ) equal annual installments, with interest thereon at the rate of seven (7) per cent 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 (7 ) per cent per annum, payable on or before seven (7 ) 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 meaner provided by the ordinances of said city. f ?! ! yyl�1%j� pia yo r 'assed: JJul r 29th,, 1924 Attest : y er Published: July 31, 1924