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Section 5: The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable on ten (10) equal <br /> annual installments, with interest thereon at the rate of four <br /> (4,%) per cent per annun, under the mode of payment by bonds as <br /> provided by law and the ordinances of the City of Lverett. Bonds <br /> bearing interest at the rate of four (40) per cent 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 improvement <br /> or the City of Lverett, may at its election, sell said bonds and <br /> make payments in cash in the manner provided by the ordinances of <br /> said city. <br /> Section 6: The assessments shall be made against the <br /> property in the district in accordance with special benefits it <br /> will derive from the improvement without regard to the zone and <br /> termini method of spreading assessments as provided for by hem. <br /> Stat. 9365--1947 Supplement. <br /> MAYOR <br /> Attest: <br /> A1 CTTYICLE is <br /> Passed: October 21., 1950. <br /> Published: ,f 2 ?._950• <br />