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. • . <br /> more than seven (7) per cent per annum under the mode of payment <br /> by bonds, as defined by law and the ordinances of said city. <br /> Bonds bearing interest at a rate of not more than seven (7) per <br /> cent per annum, payable on or before twelve (12) 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 <br /> bonds and makeZyment in cash in the manner provided by the or- <br /> dinances of said city. <br /> D. 'D <br /> Mayor. <br /> Passed: August 12. 1919 <br /> Attest: Louis Leah <br /> Clerk. <br /> Published: August. 14, 1919 <br />