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. <br /> . . r .. <br /> -:4 , <br /> e€-4ke said district for the purpose of defraying they costs and <br /> expenses of such improvement. Out of said fund shall !,be paid the <br /> bonds, the interest thereon and the entire cost of such improve- <br /> ment. <br /> Section 5 : The cost and expenses of such improvement shall <br /> be defrayed by special assessments payable in equal a nual install- <br /> ments with interest thereon at the rate of not more 4an seven <br /> per cent per annum under the mode of payment by bonds as pro- <br /> vided by law.and the ordinances of said city. Bonds earirg <br /> interest at the rate of not more than seven per cent per annum <br /> payable on or before twelve years fmti date of issue Ihall be <br /> issued in payment of the cost and expense of such improvement , or <br /> the dity of Everett may at its election sell said bonds and make <br /> payment in cash in the manner provided by the ordinanes of <br /> said city. <br /> -O-Zt/7 "-c� <br /> D. D. Merrill <br /> Mayor. <br /> Passed: Movember 26, 19. <br /> Attest : Louie Leah <br /> City Clerk <br /> Published: December 4, 1919. <br />