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4 . <br /> • <br /> in the aggregate of the several amounts assessed, levied and collected <br /> on the several lots and parcels of land in said Local Improvement <br /> istrict, and the proceeds of the sale of all of the bonds, of said <br /> District, for the purpose of d 'raying the cost and expense of such <br /> 1 ', <br /> improvement. Out of said fund shall be paid the bonds, interest <br /> 2 ' <br /> thereon and- the entire cost of said improvement, <br /> 3 <br /> Section 5 : The cost and expense of such improvement <br /> 4 <br /> shall be defrayed by special assessments payable in ten equal annual <br /> 5 <br /> installments Zvi tl4nterest at the rate of seven percent (7%) per <br /> 6 <br /> annum under the mode of payment by bonds, as provided by law and the <br /> 7 <br /> ordinances of said City. Bonds bearing interest at the rate of <br /> 8 <br /> seven per cent (7%) per annum, payable on or before twelve (12) <br /> 9 <br /> li <br /> years from date of issue shall be issued in payment of the cost and <br /> 10 <br /> expense of such improvement, or the City of .Overeat may,at its <br /> 11 <br /> election, sell said bonds and make payment in cash in the manner <br /> 12 <br /> provided by the ordinances of said City. <br /> 13 <br /> 15 Mayor. <br /> 16 <br /> 17 Passed: July ?c,th, ts2s <br /> 18 <br /> Attest <br /> , .. . <br /> 19 City Cleri . <br /> 20 Published: Jua y" 2,8th, 1922 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> wQw <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />