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. , . <br /> • ua <br /> v it rr <br /> 11 <br /> district for the purpose of defraying the costs and expenses of such <br /> improvement. Out of said fund shall be paid the bonds, the interest <br /> I thereon and the entire cost of such improvement . <br /> P <br /> "y Section 5 : The costs and expenses of such improvement <br /> shall be defrayed by special assessment payable in five (5) eoual <br /> annual installments , with interest thereon at the rate of four (4%) <br /> per cent per annum, under the mode of payment by bonds as provided <br /> by 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 /> ti before seven ( 7) ;;rears from date of issue , shall be issued in <br /> payment of the costs and expenses of such improvement , or the City of <br /> Everett may, at its election, sell said bonds and make payments in <br /> cash in the manner provided by the Ordinances of said City. <br /> I <br /> 1 Mayor <br /> 1 <br /> ATTEST: <br /> I <br /> 4/ is , / .,r <br /> City Clerk <br /> iPassed: Tq nvtnres 6th, 1948. <br /> Published: fln-2,-v 7tr , 1948 . <br /> 34 <br /> ) <br /> f <br /> 1 <br />