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• , <br /> Section 3: That there is hereby established a local <br /> improvement district to be called "Local Improvement District No. \ " <br /> and shall contain the following described property: All the property <br /> between the termini of said improvement, abutting upon, adjacent, <br /> vicinal, or proximate to such portion of Lombard Avenue as above set <br /> forth for a distance back from the marginal lines thereof as provided <br /> by law, and the property included within said local improvement <br /> district and none other shall be considered and held to be the prop- <br /> erty specially benefited by said improvement. <br /> Section 4: That there is hereby created a local improve- <br /> ment district fund to be called "Local Improvement District Fund <br /> • No." , o\ " , which shall consist in the aggregate of the several <br /> amounts assessed, levied, or collected upon the several lots or <br /> parcels of land in said local improvement district, and the proceeds <br /> of the sale of all the bonds of the district. Out of said fund shall <br /> be paid the bonds , interest thereon, and the entire cost of such <br /> improvement. <br /> Section 5: That the cost and expense of such improvement <br /> shall be defrayed by special assessments, payable in 1 p equal <br /> annual installments , with interest at the rate of �, per cent <br /> per annum, under the mode of "Payment by Bonds" as defined by law <br /> and the ordinances of said city. Bonds bearing interest at the rate of <br /> per cent per annum, payable on or before `_., years from <br /> date of issue shall be issued in payment of the cost and expense of <br /> such improvement. The city of iverett 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 /> Passed <br /> APR 14 1914 mayor. <br /> Clerk. <br /> Published APR 1 f 1A14 <br />