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0 <br /> .r <br /> 1 � <br /> the aggregate of the several amounts assessed, levied and collected <br /> on the several lots, tracts and parcels of land in said local <br /> improvement district and the proceeds of the sale of the bonds in <br /> said district for the purpose of defraying the costs and expenses <br /> of such improvement. Out of said fund shall be paid the bonds, the <br /> interest thereon and the entire cost of such improvement. <br /> Section 5: The costs and expenses of such improve- <br /> ment shall be defrayed by special assessment payable in ten (10) <br /> equal annual installments, with interest thereon at the rate of <br /> four (4%) per cent per annum, under the mode of payment by bonds as <br /> provided by law and the Ordinances of the City of 1Lverett. Bonds <br /> bearing interest at the rate of four (0 ) per cent per annum, <br /> payable on or before twelve (12) years from date of issue, shall be <br /> issued in payment of the costs and expenses of such improvement, or <br /> the City of Lverett may, at its election, sell said bonds and make <br /> payment in cash in the manner provided by the Qrdinances of said <br /> City. <br /> ;E:,:1-„„d <br /> Mayor <br /> ATTEST: <br /> City�Clerk <br /> Passed: December 9, 191+7 <br /> Published: December 10, 19)47 <br />