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r <br /> i s <br /> Section 6: The costs and expenses of such Improvement to <br /> be assessed a einst the owners of the property within said district <br /> as set forth in Section 2 of this ordinance shall be defrayed by <br /> special assessment, payable in ten equal annual installments, with <br /> interest thereon at the rate of four (40) per cent per annum, under <br /> the mode of payment by ponds as provided by law and the ordinances <br /> 1 of the City of Everett. Bonds bearin ; interest at the rate of <br /> four (4,0) per cent per annum, payable on or before twelve years <br /> from date of issue shall be issued in payment of the costs and <br /> expenses of such improvement, or the City of Lve ett, may, at its <br /> election, sell said bonds and make na.yment in cash in the manner <br /> provided cy the ordinances of said City. <br /> _f'ayor <br /> Attest: <br /> �.. ity Clerk <br /> 4' Q <br /> Passed: July 29th, 1947 . <br /> Published: " 30th, 1947 . <br /> I ! <br />