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Section 5 . The coat and expense of such improvement shall be defrayed <br /> by special assessments payable in ten annual instalments, with interest <br /> thereon at the rate of not more than seven per cent per annum under <br /> the mode of payment by bonds, as provided by law and the ordinances of <br /> said city. Bonds bearing interest Its at the rate of not more than <br /> seven per cent per annum, payable on or before tweleve years from date <br /> of 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 bonds <br /> and make payment in cash in the manner provided by the ordinances of <br /> said city. <br /> xt ;, $ill <br /> Passed August 12, 1919 <br /> MtIfl LoLia L.eh <br /> City Clerk <br /> Pu bl i shed o . Fsgnitt )'�, 3,f)-111 <br /> 1 _ <br /> r-x <br /> v <br /> S <br /> • �� <br /> ^c' S 4 • <br /> • i <br />