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li <br /> ;section 5 : The costs and e.;l enses of such improve- <br /> ment shall be defrayed by special assessments, payable in five (51 <br /> annual installments, with interest thereon at the rate of--tee-t <br /> 1 <br /> moA .an seven (7) percent per annum under the mode of payment <br /> 2 <br /> by bonds, as provided by law and the Ordinances of said City. <br /> 3 <br /> Bonds bearing interest at the rate of AwIroxiejvift4iW seven (7) per <br /> 4 <br /> cent per annum, payable on or before seven (7) years from date <br /> 5 <br /> of issue shall be issued in payment of the cost and expense of <br /> 6 <br /> etch improvement, or the Uity of ,'verett nay Et its election, <br /> 7 ' <br /> sell said bonds and make payment in cash in the manner provided <br /> 8 ! <br /> by the Ordinances of said city. <br /> 9 <br /> 10 <br /> 11 <br /> Mayor . <br /> 12 <br /> 13 Passed: A , ,, 1 <br /> 14 <br /> 15 Attest : • <br /> 16 city 61 erk. <br /> 17 , <br /> published: rrli 32.of , l2_ . <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 -3- <br /> 31 <br />