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Section 6: 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 equal annual instal- <br /> lments, with interest thereon at the rate of four (4%) per cent per <br /> annum, under the node of payment by bonds as provided by law and <br /> the ordinances of the City of Everett. Bonds bearing interest at <br /> the rate of four (4%) per cent per annum, payable on or before <br /> twelve years from date of issue , shall be issued in payment of the <br /> costs and expenses of such improvement , or the City of Everett may, <br /> at its election, sell said bonds and make payment in cash in the <br /> manner provided by the ordinances of said City. <br /> la yor <br /> ATTEST: <br /> ' City Ulerk <br /> Passed: June 10th , 1947 . <br /> Published: " 12th , 1947. <br />