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4• •..! <br /> 4 <br /> Section 5: The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable in ten (10) <br /> equal annaul installments with interest thereon at the rate of <br /> six per cent (6%) per annum, under the mode of payment by bonds <br /> as provided by law and the ordinances of the City of Everett . <br /> Bonds bearing interest at the rate of six per cent (6%) per annum <br /> payable on or before twelve (12) years from date of issue shall <br /> be issued in payment of the costs and expenses of such improve- <br /> ment, or the City of Everett may, at its election, sell said <br /> bonds and make payment in cash in the manner provided by the <br /> 1 ordinances of said city. <br /> ' AY K <br /> Attest: <br /> l I Zc C.---- <br /> C ,'TY CLERK <br /> Passed: July 9th, 1963 <br /> Published: July llth, 1963 <br /> • <br />