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interest at the rate of seven (7 ) percent per annum, payable on <br /> or before twelve (12) years from date of issue shall be issued in <br /> payment of the cost and expense of such improvement, or the City <br /> of Everett, may, at its election sell said bonds and make payment <br /> in cash in the manner provided by the ordinances of said. city . <br /> 4. Li7 <br /> 1 yor <br /> Passed: December 23 , 1924 <br /> Attest : r ,. , Clerk <br /> ttr3rAE r C,i 3 <br /> Published.: December 24, 1924 <br />