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. its <br /> • <br /> lected on the averal lots, and parcels of land in said Local <br /> • Improvement..District, and the proceeds of the sale of the bonds° <br /> of the said district, for the purpose of defraying the costs <br /> and expenses of such impro v$ment, Out of said .fun: 'shall be <br /> paid the bonds, the interest' thereon `and the entire cast of such <br /> improvement. <br /> Section 45 Bhe costs and expenses of such improvement sha11 <br /> be defrayed b apeo a.1 .assessment a�: y" payable in five equal_eanual <br /> installments, with interest thereon at the rate of seven pert", <br /> • <br /> cent . (7 ) per annum, under the Mode of .payment by bonds, as pro- <br /> • vided by law and the ordinances of said: city. Bonds bearir in- <br /> terest at the rate of seven -(7). per cents per annum, payable on <br /> or before seven (7) years from date of issue shall .be issued in <br /> payment of the 'cost and expense of. such improve-ment,,, or the <br /> City of Everett may at its election, sell said bonds and make <br /> • <br /> payment in cash :in the manner..-provided :by the ordinances of <br /> said city, <br /> • <br /> Mayor <br /> At' <br /> • <br /> pity Qlek.: <br /> xAssed� August 13, 1929 • <br /> ublished: August 16, 1929 <br />