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is <br /> • , . • <br /> Section 7: The costs of said improvement shall be payable <br /> in ten equal annual installments with interest at the rate of four <br /> per cent per annum under the mode of payments by bonds, as provided <br /> by law and the ordinances of said city. Bonds bearing interest at <br /> the rate of four per cent per annum payable on or before twelve (12) <br /> years from date of issue shall be issued in payment of the costs <br /> and expenses of said improvement, or. the City of Everett at its <br /> election, may sell said bonds and make payment in cash as provided <br /> by the Ordinances of the City of Everett. <br /> Mayor <br /> Attes • <br /> 4 <br /> City Clerk <br /> Passed: May 25th, 1948 . <br /> Published: " 1th, 1948 . <br /> • <br /> • <br /> -3- <br />