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f a <br /> fraying the cost and expenses of such improvement. out of said <br /> fund shall he paid the bonds, interest thereon and the entire <br /> cost of such improvement. <br /> Section 5 : The costs and expenses of such improve• <br /> ment shall be defrayed by special assessment, payable in ten equal <br /> t lO) annual installments, with interest thereon at the rate of <br /> seven (7) percent per annum under the mode pf payment by bonds <br /> as provided by law and the ordinances of said city. .L,onds <br /> bearing interest at the rate of seven t7) percent per annur. ,pay- <br /> able on or before twelve (12) years from date of issue shall be <br /> 8 issued in payment of the cost and expense of such improvement, or <br /> 9 the k.i ty of Everett may at its elect: -)n, sell said bonds and make <br /> 10 payment in cash in the manner provided by the Ordinances of said <br /> city. <br /> 12 <br /> 1.3 <br /> syor'' <br /> 14 <br /> Passed e 19th, 19- <br /> t est: <br /> t �t ty Ul e s <br /> 1 ' <br /> rub?i shed: <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 .3• <br /> 29 <br /> 30 <br /> 31 <br />