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. <br /> • • , <br /> Y. a . <br /> to-wit: Lots 1 to 32, inclusive, Block 377, Plat of Everett, Div- <br /> ision "B"; Lots 1 to 32, inclusive, Block 426, Plat of Everett, <br /> Division "B". <br /> Section 4: A special fund ie hereby created, to be called <br /> "Local Improvement District Fund No. 337 ", which shall consist <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 all of the <br /> bonds of said district, for the purpose of defraying the cost and <br /> expense of such improvement. Out of said fund shall be paid the <br /> bonds, interest thereon, and the entire cost of said improvement. <br /> Section 5: The cost and expense of such improvement shall <br /> be defrayed by special assessments payable in 10 equal annual <br /> installmentd, with interest thereon at a rate not to exceed seven <br /> per cent per annum, under the mode of "Payment by Bonds", as defin- <br /> ed by law and the ordinances of said city. Bonds bearing interest <br /> ata rate not to exceed seven per cent per annum, payable on or <br /> before 12 years from date of issue shall be issued in payment <br /> of the cost and expense of such improvement, or the city of Everett <br /> may, at its election, sell said bonds and make payment in cash in <br /> the manner provided by the ordinances of said city. <br /> Mayor. <br /> Passed FEB 191918 <br /> Attest Qro <br /> t ity Clerk.' <br /> Published FEB 2 21918 <br />