Ordinance 1578 - Laserfiche WebLink

• •41 w "I" , Plat of Averett; thence south along the east line of Block 689, Div. "I" Plat of Averett and Block 689, .zverett Land Co's First Addition to : verett to the north line of Wall Street; thence east along the north line of Wall Street produced easterly in its present direction to a point 90 feet east of the east line of Smith Avenue; thence south along a line parallel to and 90 feet east of the east line of Smith Avenue to the north line of J.S.Sines acre tracts; thence east along the north line of J. S. Sines acre tracts to a point 100 feet east of the east line of Block 4 of said J.S.Sinee acre tracts; thence south along a line parallel to and 100 feet east of the east line of Block 4, J. S. Sines acre tracts and said east line produced in a southerly direction to the south line of Section 29, Township 29 North, Range 5 .past, W.M. ; thence west along the south line of said Section 29 to the place of beginning". All the property included within said local improvement district and none other shall be considered and held to be thr property specially benefited by said improvement. Section 4: A special fund is hereby created to be called "Local Improvement Fund District No. 0 " , which shall consist in the aggregate of the several amounts assessed, levied and collected on the several lots or parcels of land in said local improvement district for the purpose of defraying the cost and expense of said improvement. Out of said fund shall be paid the bonds, interest thereon, and the entire cost of said improvement. Section 5: That the cost and expense of such improvement shall be defrayed by special assessments payable in ten equal annual installments with interest at the rate of e\ per cent per annum under the mode of "Payment by Bonds" as defined by law and the charter and ordinances of said city. Bonds bearing interest at the