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• <br /> Section 5 : The costs and expenses of such improve- <br /> , <br /> ment shall be defrayed by special assessments, payable in ten (10) <br /> annual installments, with interest thereon at the rate of seven <br /> 1 (7) per cent per annum under the mode of pay ment by bonds, as <br /> 2 provided by law and the Ordinances of said City. Bonds bearing <br /> 3 interest at the rate of seven ( 7) per cent per annum, payable <br /> 4 on or before twelve (12) years from date of issue shall be issued <br /> 5 in payment of the cost and expense of such improvement, or the <br /> 6 city of Everett may at its election, sell said bonds and make <br /> 7 payment in cash in the mariner provided by the ordinances of said <br /> 8 City, <br /> 9 ' <br /> 10 ' <br /> 11 m a p o r . <br /> 12 <br /> 13 kassed <br /> 14 <br /> 15 Attest : <br /> City Gl erk. <br /> 16 <br /> 17 Published: <br /> 11•601.4.6.4.-.44,4*Am-Am..14....Avo..•••••••••s•-...ten.m*Amo.Aawnsam6641666 <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />