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• <br /> 44 e <br /> and specifications prepared under the direction of the City <br /> .lagineer, which plans and specifications are hereby adopted and <br /> approved. <br /> Section 2 : That the cost and expense of such <br /> improvement including the necessary and incidenta/ expenses <br /> 1 , <br /> 2 I be borne by and assessed against the prooerty included in <br /> the assessment district hereinafter created in accordance with <br /> 3 <br /> law. The City of Everett shall not be liable in any manner for <br /> 4 <br /> any portion of the cost and expense Of such improvement, <br /> 5 <br /> Section 3 That there is hereby established a <br /> 6 <br /> Local Improvement Di strict to be called Local Improvement Di str ict <br /> 7 <br /> 388 , which district shall include the following described <br /> 8 <br /> prop erty, t\o-wit <br /> 9 <br /> Lots Ock Addi t on <br /> 10 --- <br /> 1 to 16 Incl. 771 Plat of :.3verett,Div "H" <br /> 11 <br /> 12 17 to 32 incl 772 n <br /> 13 17 to 32 Incl„ 732 <br /> 1 14 to 16 Incl 733 it it <br /> Section 4 A special fund is hereby created to be <br /> 15 <br /> called Local Improvement District nand 11(4 , which shall <br /> 16 <br /> consist in the aggregate Of the several amounts, assessed, levied <br /> 17 <br /> and collected on the several lots, tracts and *parcels of land in <br /> 18 <br /> 19 said Local Improvement District and the proceeds of the sale of <br /> 20 all of the 'bonds of said district, for the -purpose of defraying <br /> 21 the costs and expenses of such improvement. Out of said fund <br /> 22 shall be paid the bonds, interest thereon and the entire cost of <br /> 23 such impr ovement. <br /> 24 Section 5' : That the cost and expense of such <br /> 25 improvement shall be defrayed by special assessments, payable <br /> 26 in ten (10) ecutel annual installments with interest thereon at <br /> 27 the rate of T-,; per annixia, under the mode of payment by bonds <br /> 28 <br /> 29 <br /> 30 -2- <br /> 31 <br />