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on or before twelve (12) years from date of issue, shall be <br /> issued in payment of the costs and expenses of such improvement, <br /> or 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 /> Section 6: The cost and expenses of the improvement <br /> herein to be paid by the City of Everett, as provided in <br /> Sections 2, 4 and 5 of this Ordinance, shall be paid by the City <br /> out of the Street Arterial Fund, which fund is derived from <br /> the proceeds of the one-half cent additional gas tax provided <br /> by Chapter 7 of the laws of the State of Washington, Extraordinary <br /> Session 1961. <br /> 7 7i- kip-, <br /> MAYOR <br /> Attest: <br /> / CITY CLERK <br /> Passed: 201. £tb 1963 <br /> • <br /> Published: Feb. 6, 1963. <br /> • <br /> -4- <br />