Laserfiche WebLink
1 <br /> r <br /> line between Sections 7 and 8, Township 29 North, Range 5 East, <br /> W.M.; thence southerly and following said section line to the <br /> point of beginning". <br /> Section 4: A special fund is hereby created to be called <br /> "'Local Improvement District Fund No. ,,,; _ " which shall con- <br /> sist in the aggregate of the several amounts assessed, levied and <br /> collected 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 said district for the purpose of defraying the cost and expense <br /> of such improvement. Out of said fund shall be paid the bonds, <br /> interest thereon and the entire cost of said improvement. <br /> Section 5: That the cost and expense of said improvement <br /> shall be defrayed by special assessment payable in ten equal <br /> annual installments, with interest thereon at the rate of not <br /> more than seven per cent per annum, under the mode of "Payment by <br /> Bonds" as defined by law and the ordinances of said city. Bonds <br /> bearing interest at the rats of not more than seven per cent per <br /> annum payable on or before twelve years from date of issue shall <br /> be issued in payment of the cost and expense of such improvement, <br /> or the city of Everett may at its election sell said bonds and <br /> make payment in cash, in the manner provided by the ordinances <br /> of said city. <br /> Mayor. <br /> Passed Uec. 11 ,1917 <br /> 1/4 <br /> Attest �-`--�—•o T <br /> Cit Clerk. <br /> Published . . 1321917 . <br />