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• <br /> A <br /> Section 5: The cost and expense of such improve- <br /> ment shall be defrayed in the manner set forth in Section 2 <br /> of this ordinance. The cost of said improvement to be borne <br /> by the property in said district shall be defrayed by special <br /> assessment, payable in Ten (10) annual installments, with <br /> interest thereon at the rate of percent , under the <br /> mode of payment by bonds as provided by law and the ordinances <br /> of said city. Bonds bearing interest vas sate of <br /> percent per annum, payable on or before .e'en---( ) 'years from <br /> date of issue , shall be issued in payment of the cost and <br /> expense of such improvement assessed against the property in <br /> said district , or the City of Everett may sell the bonds and <br /> make payment in cash in the manner provided by law and the <br /> ordinances of said City. <br /> Section 6: That ordinance `:3o. 2736 of the City <br /> of Everett be , and the same is hereby repealed. <br /> Mayor <br /> Attest: <br /> City Clerk <br /> Passed : Ja, i 2 - / 9 3 Y. <br /> Published: J . 3 — ; 3X• <br />