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•, , d <br /> . <br /> Section 5 : The cost and expense of such improvement shall <br /> be defrayed by special assessments payable in five equal annual <br /> installments with interest thereon at the rate of no more than <br /> 7 per cent per annum under the mode of payment by bo ds, as pro- <br /> vided by law and the ordinances of said city, ponds bearing <br /> interest at the rate of not more than seven per cent (7 per cent) <br /> per annum payable on or before seven (7) years from date of <br /> issue shall be issued in payment of the cost and expense of such <br /> improvement, or the City of Everett may at its election sell said <br /> bonds and make payment in cash in the manner provided by the <br /> Ordinances of said city. <br /> t <br /> D. , 1J_ Ugrril l <br /> ayor <br /> passed: Sgt. 231 1919 <br /> Attest : Louie Lesh City Clerk <br /> Published: Sept. 25, 1919 <br />