Laserfiche WebLink
Section 5: The costs and expenses of such improvement <br /> shall be defrayed by special assessments, payable in five equal <br /> annual installments, with interest thereon at the rate of seven <br /> (7) per cent. per annum under the mode of payment by bonds, as <br /> provided by law and the Ordinances of said city. Bonds bearing <br /> interest at the rate of seven (7 ) per cent. per annum, payable <br /> on or before seven ( 7) years from date of issue, shall be issued <br /> in payment of the cost and expense of such improvement, or the <br /> City of Everett may, at its election, sell said bonds and make <br /> payment in cash in the manner provided by the ordinances of said <br /> city. <br /> Section 6: That Ordinance Yo. 2390 of the city of Everett <br /> be and the same is hereby repealed. <br /> Section 7: That an emergency is declared to exist and <br /> this ordinance shall take effect immediately upon its, passage <br /> and publication. <br /> MAYOOt. <br /> Passed: October 16, 1928 <br /> At <br /> i y C er . <br /> Published: October 18, 1928 <br />