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4 r <br /> said fund shall be paid the bonds, the interest thereon, the <br /> cost of materials and fixed estimate for the improvement. <br /> :section 5: The costs and expenses of such improve- <br /> ment shall be defrayed by special assessment , payable in Eight <br /> equal annual installments, with interest thereon at the rate <br /> of Four percent (4%) per annum, under the mode of payment by <br /> onds � <br /> bonds as provided by law and the ordinances of said city. <br /> bearing interest at the rate of Four percent (4%) per annum, <br /> payable on or before Ten (10 ) years from date of issue , shall <br /> be issued in payment of the costs and expenses of such improve- ' <br /> ment, or the City of Everett may, at its election, sell said bons <br /> and make payment in cash in the manner provided by the ordinance <br /> of said city. <br /> Mayor <br /> Attest: <br /> City Clerk <br /> gassed: September. 20 , 1936. <br /> Published: September 21 , 1936. <br />