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T <br /> • <br /> Section 5 : The costs and expenses of such improvement <br /> to be assessed against the owners of the property within said <br /> district as set forth in Section 2 of this Ordinance shall be de- <br /> frayed by special assessment , payable in ten (10) erual annual <br /> installments, with interest thereon at the rate of four (4%) per <br /> cent per annum, under the mode of payment by bonds as provided by <br /> law and the ordinances of the City of Everett. Bonds bearing <br /> interest 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 payment <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 /> Mayor <br /> ATTEST: <br /> Wes!. <br /> City Clerk <br /> Passed: March 3, 1948 <br /> Published: March 4, 1948 <br />