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as Ilr; <br /> • <br /> Section 5: That the cost and ex }ease of said improvement <br /> /shall be defrayed by special assessments, pcyabl in ten (10) equal <br /> annual installments with interest thereon at the rate of seven (7) <br /> per cent under the mode of payment by bonds as defined by law and the <br /> ordinances of said city. Bonds bearing interest at the rate of seven <br /> ( 7) per cent per annum, payable on or before twelve (12) years from <br /> date of issue shall be issued in payment of the cost and expense of <br /> such improvement or the city of Everett may, at its election, sell <br /> said bead's ..and ,, ., ae t in cash in the manner provided by the <br /> ordinances., of said el y, <br /> r <br /> • <br /> Mayor <br /> At n 4 Yam. ` <br /> Passed: September 25, 19,2/3. <br /> Public ed; September 27, 1928 . <br /> f <br /> t5 <br /> fix; <br /> 7 <br />