Laserfiche WebLink
' • <br /> Section 5: The costs and expenses of such improve- <br /> ment shall be defrayed only in the manner set forth in this <br /> ordinance . The cost of such improvement to be borne by the <br /> property in said district shall be defrayed by special assess- <br /> ment, payable in Five ( 5) annual installments with interest <br /> at the rate of per cent per annum, under the mode of <br /> payment by bonds as provided by law and the ordinances of said <br /> city. Bonds bea.rinr interest at the rate of ,G percent <br /> per annum, payable on or before ,....` <br /> ,�` � years from date of <br /> issue shall be issued in payment o the cost and expense of <br /> such improvement assessed against the property in said district , <br /> or the Uity of Everett may, at its election, sell the bonds <br /> and make payment in cash in the manner provided by the <br /> ordinances of said city. <br /> T'. yor <br /> Attest: <br /> Uity Clerk <br /> Passed: Marcn 19t1, 1940 <br /> Published: March 20th , 1940. <br /> -5- <br />