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0 <br /> E <br /> Section 2: That the cost and expense of such improvement, in- <br /> cluding all necessary and incidental expenses, shall be borne by and <br /> assessed against the property included in the assessment district here- <br /> in created in accordance with law. The city of Everett shall not be <br /> liable in any manner for any portion of the cost and expense of such <br /> improvement. <br /> Section 3: There is hereby established a local improvement <br /> district to be called "Local Improvement District No. 330 <br /> which district shall include the following described property: All the <br /> property between the termini of said improvement, abutting upon, adjac- <br /> ent, vicinal or proximate to such portion of said Baker Avenue as <br /> above set forth, for a distance back from the marginal lines thereof <br /> one hundred thirty-two feet, being more particularly described as fol- <br /> lows: <br /> "Lots 17 to 32, inclusive, block 570; lots 1 to 16, inclus- <br /> ive, block 571; lots 1 to 15, inclusive, block 603; lots 15 to 32 <br /> inclusive, block 604; lots 6 to 11, inclusive, block 633; lots 22 to <br /> 32, inclusive, block 633; lots 1 to 15, inclusive, block 634; lots 1 <br /> to 15, inclusive, block 658; lots 6 to 11, inclusive, and 22 to 32 , <br /> inclusive, block 659; all in the Plat of Everett, Division "I", <br /> Section 4: A special fund is hereby created to be called <br /> "Local Improvement District Fund No. 330 ", which shall consist in <br /> the aggregate of the several amounts assessed, levied, and collected <br /> on the several lots and parcels of land in said local improvement <br /> district and the proceeds of the sale of the bonds of said district, for <br /> the purpose of defraying the cost and expense of such improvement . Out <br /> of said fund shall be paid the bonds, interest thereon, and the entire <br /> 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 equal annual <br /> installments, with interest thereon at the rate of seven per cent per <br /> annum under the mode of "Payment by Bonds", as defined by law and the <br /> ordinances of said city,( Bonds bearing interest at the rate of seven <br />