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4 <br /> of seven (7) per cent. per annum, under, the mode ofpayment by <br /> bonds, as provided by law and the ordinances of said city. Bonds <br /> bearing interest at the rate of seven (7) per cent. per annum, <br /> payable on or before seven (7) years from date of issue, shall <br /> be issued in payment of the cost and expense of such improve <br /> ment, or the City of Zverett may, at its election, sell said bonds <br /> and make payment in Cash in the manner provided by the ordinances <br /> of said city. <br /> Section 6: An emergency is declared to exist, and this <br /> ordinance shall take effect immediately upon its passage and <br /> publication. <br /> 11Cc -v/e <br /> Mayor. <br /> City lerk. <br /> passed: August 14th, 1930 <br /> Published: August 15th, 1930. <br />