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• <br /> 1 respectively, the 30-day period for making cash payment of <br /> 2 assessments without interest in each local improvement district <br /> 3 having expired in the case of the assessments for each local <br /> 4 improvement district , including assessments on a supplemental <br /> 5 roll in Local Improvement District No . 726 , are consolidated <br /> 6 into a consolidated local improvement district to be known and <br /> 7 designated as Consolidated Local Improvement District No . 3 : <br /> 8 Local Improvement Created by <br /> District No . Ordinance No . <br /> 9 <br /> 726 1324-87 <br /> 10 728 1397-87 <br /> 11 Section 2 . There is created and established in the office <br /> 12 of the City Treasurer for Consolidated Local Improvement <br /> 13 District No . 3 a special consolidated local improvement district <br /> 14 fund to be known and designated as Consolidated Local <br /> 15 Improvement Fund, District No . 3 (the "Bond Fund" ) . All money <br /> 16 presently on hand representing collections pertaining to <br /> 17 installments of assessments and interest thereon in each of the <br /> 18 local improvement districts listed in Section 1 shall be <br /> 19 transferred to and deposited in the Bond Fund, and all <br /> 20 collections pertaining to assessments on the assessment rolls of <br /> 21 those local improvement districts when hereafter received shall <br /> 22 be deposited in the Bond Fund to redeem outstanding Consolidated <br /> 23 Local Improvement District No . 3 bonds . <br /> 24 Section 3 . Consolidated Local Improvement District No . 3 <br /> 25 Bonds (the "Bonds" ) shall be issued in the total principal sum <br /> - 2 - <br />