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district fund to be called "Local Improvement District Fund <br /> " which shall consist in the aggregate of the several <br /> amounts assessed, levied and collected upon the several lots <br /> or parcels of land in said local imrovement district, and the <br /> proceeds of the sale of all of the bonds of said district. Out <br /> of said fund shall be paid the bonds, the interest thereon, <br /> and the entire cost of such improvement. <br /> Section 6: That the cost and expense rf such improvement <br /> shall be defrayed by special assessments payable in \- <br /> equal annual installments , with interest at the rate of <br /> per cent per annum under the mode of "Payment by bonds" as de- <br /> fined by law and the ordinances of said city. Bonds bearing <br /> interest at the rate of per cent per annum payable on <br /> or before c �, . years from date of issue shall be issued <br /> in payment of the cost and expense of such improvement, or <br /> the city of Everett may, at its election sell said bonds and <br /> make payment in cash in the manner provided by the ordinances <br /> of said city. <br /> _ <br /> Mayor. <br /> Passed JUN 2 5 1913 <br /> Attest 0, q <br /> k. <br /> Published JUN 6 191; <br />