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• <br /> SectiJn 6: The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable in ten (10) equal <br /> annual installments, with interest thereon at the rate of four <br /> (4) per cent per annum under the mode of payment by bonds, as pro <br /> vided oy law and the ordinances of said City. ?onds bearing in- <br /> terest at the rate of four (4%) per cent per annum, payable on or <br /> before twelve years from date of issue, shall be issued in payrnen i <br /> of the costs and expenses of such improvement, or the City of <br /> Everett may, at its election, sell said bonds and make payment in <br /> cash in the manner provided by the ordinances of said City. <br /> I. a y o r <br /> ATTEST: <br /> City Cle <br /> Passed: ''.ay 9th, 1950. <br /> Published: " llth, 1950. <br />