Laserfiche WebLink
Section 5: That the cost and expense of said impro venent,x <br /> x-other than the part to be paid by the City of Everett, <br /> shall be defrayed by special assessments, payable in five (5) <br /> equal annual installments with interest thereon at the rate of <br /> seven (7) per cent. per annum, under the mode of payment by <br /> bonds as defined 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 be <br /> issued in payment of the cost and expense of such improvement, <br /> or the City of Everett, may, at its election, sell said bonds <br /> and make payment in cash in the manner provided by the ordinan- <br /> ces of said city. <br /> Mayor. <br /> Attest - - <br /> City Clerk. <br /> Passed: May 21 , 1929 <br /> Published: May 23, 1929 <br />