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• <br /> Section 5; The costs and expenses of such improvement shall <br /> be defrayed by special assessments, payable in ten equal annual <br /> installments, with interest thereon at the rate of seven (7) <br /> per cent . rer annum, under the mode of payment by bonds, as pro- <br /> vided by law and the Ordinances of the said city. Bonds bearing <br /> interest at the rate of seven ( 7) per cent . per annum, payable on <br /> or before twelve (12) years from date of issue, shall be issued <br /> inpayment of the cost and expense of such improvement, or the <br /> City of Everett may, at its election, sell said bonds and m2 e <br /> payment in cash in the manner provided by the ordinances of sale <br /> city. <br /> A,0 <br /> Ua yor. <br /> sit t e <br /> ity Clerk. <br /> Passed: July 23, 1929 <br /> Published: July 25, 1929 <br />