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r <br /> 1 <br /> . <br /> shall be paid the bonds and interest thereon, and <br /> the cost of materials, fixed estimate and all other expenses <br /> in connection with said impr ovement , except the amount <br /> contributed by the Federal Government under WPA. for labor. <br /> Section 5: The costs and expenses of such <br /> improvement shall be defrayed only in the manner set forth <br /> in this ordinance . The cost of such improvement to be borne <br /> by the property in said district shall be defrayed by special <br /> assessment , payable in Ten (1Q) annual installments with <br /> interest at the rate of percent per annum, under the <br /> mode of payment by bonds as provided by law and the ordinances <br /> of said City. Bonds bearing interest at the rate of percent per annum payable on or before i 9--. years <br /> from date of issue shall be issued in payment of the cost <br /> and expense of such improvement assessed against the property <br /> in said district, or the City of Everett may, at its election, <br /> sell the bonds and make payment in cash in the manner provided <br /> by the ordinances of said City. <br /> Mayor <br /> Attest: <br /> City Clerk <br /> Passed: December 13, 1938 . <br /> Published: December 1938 . <br />