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Section 6 : That the costs and expenses of such im- <br /> provement shall be defrayed by special assessment, payable in <br /> 10 equal annual installments, with interest thereon <br /> at the rate of 4 percent per annum unaer the movie of <br /> payment by bonds as provided by law and the ordinances of said <br /> City. -ponds bearing interest at the rate of L. per cent <br /> per annum, payable on or before ? years from date of issue , <br /> shall be issued in payment of t_'.e costs and expenses of such improve- <br /> ment , or the pity of Everett may, at its election, sell said bonds <br /> and make payment in cash in the manner provided ey the ordinances <br /> of said City. <br /> Irayor <br /> Attest: <br /> /1(-71(4 <br /> ty Clerk <br /> Passed : June 18 , 1946. <br /> Published: June 20 , 1946 . <br />