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the proceeds of the sale of all of the bonds of snid ,listrict, <br /> fo r the 'our * se of defraying the cos* and expenses of such <br /> 1 improvement . Out of eaid fund shall be paid the bands, inLerest <br /> 2 thereon an-1 the entire cost of ouch improvement. <br /> 3 -,,ection 5 The cost and expense of such <br /> 4 impr)veaent rsh. 911 be defrayed by special assesnittents, onyabl e <br /> 5 in ten (10) equal annual installments •ei.th interest thereon at <br /> 6 the rate of 7 5 per annum, under the ro de of Payment by <br /> 7 bonds ass nrovi dod by law and .the ordinances of wild city. T:onds <br /> 8 bearing interest at the rate of seven ( 71) percent per annum, <br /> 9 (payable on! or ' efore twelve (le?) years)rron the date of isue, <br /> 10 shall be issued in payment of the cost and expense of such <br /> 11 impl )vflaent or the City of Iverett may, at its election, sell <br /> 12 said bonds. and mike payment in cash in the manner provi ded <br /> 13 by the ordinances of Sai. (1 city. <br /> 14 <br /> 15 <br /> y o r . <br /> 16 <br /> 17 <br /> 18 <br /> asset.. Jun e 1 '±t h 1 <br /> 19 <br /> Attest: <br /> 20 ty erk. <br /> 21 Aibli shed: J1.11104- 2:4,412;2 . <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />