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' 4 <br /> " <br /> four hundred twenty-six (426) , all in Division "B",. Plat of Pverett. <br /> section 4: A special fund is hereby created to be called <br /> "Local Improvement District Fund To. which shall consist in <br /> the aggregate of the several -mounts 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 ell of the bonds of said <br /> district, for the purpose of defraying the cost and expense of such <br /> improvement. Cut of said fund shall be paid the bonds, interest there- <br /> on, and the entire cost of said improvement. <br /> Qection 5: That the cost and expense of such improvement <br /> shall be defrayed by special assessments payable in five eeual annual <br /> installments, with interest thereon et the rate of seven per cent per <br /> annum, under the mode of "Payment by Fonda", as defined by law and the <br /> ordinances of said city. Bonds bearing interest at the rate of seven <br /> per cent per annum, payable on or before seven years from date of issue <br /> shall be issued in payment of the cost and expense of said improveeent; <br /> or the city of Everett may at its election sell said bonds and make <br /> payment in cash, in the manner provided by the ordinances of said city. <br /> :,Tayor. <br /> Passed OCT1 0 1916 <br /> Attest <br /> ?ity Clerk. <br /> Published <br />