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e , e <br /> • • . . <br /> specifications prepared under the direction of the City Engineer <br /> which plans and specifications are hereby adopted and approved. <br /> Section 2: That the cost and expense of such improvement 2 <br /> including all necessary and incidental expenses, shall be borne <br /> by and assessed against the property included in the Assessment <br /> District herein created in accordance with law. The City of <br /> Everett shall not be liable in any manner for any portion of <br /> the costs and expenses of such improvement. <br /> Section 3: There is hereby established a Local Improvement <br /> District to be called Local Improvement Distrcit No 345 <br /> which district shall include the following described property: <br /> Lots Block Addition <br /> Fractional part of 4 4 Fridays 2nd ' <br /> 5 to 15 inc 4 <br /> 17 2 " 1St <br /> Fractional part of 18 2 " let " <br /> 1 to 11 inc. 9 " 2nd' <br /> 16 to 21 inc. 9 <br /> 7 to 10 inc. 7 " " ` <br /> Fractional part of 11 7 <br /> 8 to 13 inc 8 <br /> 1 to 17 inc 2h`"l ttHeights Add. <br /> i to 4 inc. 1 <br /> Section 4: A special fund is hereby created to be called <br /> Local Improvement District Fund No 345 , which shall consists <br /> in the aggregate of the several amounts assessed, levied and col- <br /> lected on the several lots and parcels of land in said Local <br /> Improvement District, and the proceeds of the sale of the bonds <br /> of the said district for the purpose of defraying the cost and <br /> expenses of such improvement. out of said fund shall be paid the <br /> bonds, the interest thereon and the entire cost of such improvement. <br /> Section 5: That the cost and expense 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 not <br /> -2- <br />