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0 <br /> net be liable for any portion of the cost and expense of such <br /> improvement. <br /> Section 3: That there is hereby established a local <br /> improvement district, to be called "Local Improvement District No. <br /> ,307 ". Such district shall include all the following property: <br /> All property between the termini of said improvement abutting upon, <br /> adjacent, vicinal or proximate to such portion of said Rucker Avenue <br /> as above set forth, to a distance back from the marginal lines thereof <br /> as provided by law, and the property included within said local <br /> improvement district and none other shall be considered and held to <br /> be the property specially benefited by said improvement. <br /> Section 4: That a special fund is hereby created, to be <br /> called "Local Improvement Fund District No. 3i/ " , which shall <br /> consist in the aggregate of the several amounts assessed, levied and <br /> collected on the several lots and parcels of land in said improve- <br /> ment district, and the proceeds of the; sale of the bonds of said <br /> district. Out of said fund shall be paid the bonds, the interest <br /> 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 equal annual <br /> installments, with interest at the rate of r' per cent per annum, <br /> under the mode of "Payment by Bonds" , as de ir.ed by law and the <br /> ordinances of said city. Bonds bearing interest at the rate of /- <br /> per cent per annum, payable on or before twelve years from the date <br /> of issue, shall be issued in payment of the cost and expense of <br /> such improvement; or the city of r;verett may, at its election, sell <br /> said bonds and make payment in cash, in the manner provided by the <br /> ordinances of said city. <br /> Mayor. <br /> Passed AUG 1 1915 <br /> Attest <br /> City Clerk. <br /> Published AUG I Y1915 <br />