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• • <br /> ment , except the amount to be paid by funds from the Washington <br /> State Development Board. <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 (10) ten equal annual <br /> installments , with interest thereon at the rate of four per cent <br /> per annum, under the mode of payment by bonds as provided by law <br /> and the Ordinances of the City of Everett . Bonds bearing interest <br /> at the rate of four per cent per annum, payable on or before twelve <br /> years from date of issue , shall be issued in payment of the costs <br /> and expenses of such improvement , or the City of Everett may, at <br /> its election, sell said bonds and make payment in cash in the manner <br /> provided by the ordinances of said City. <br /> • <br /> Mayor <br /> Attest: <br /> OW /1. , <br /> Cit,,y Clerk <br /> Pe ss ed: August 26th , 1947. <br /> Published: " 27th, 1947 . <br />