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bonds, interest thereon, and the entire cost of said improvement . <br /> Section 5 : The cost and expense of such improvement shall be <br /> defrayed by special assessments payable in five equal installments <br /> with interest thereon at the rate of not more than 7 per cent per <br /> annum under the mode of " payment by bonds" , as provided by law <br /> and tee ordinances of said city. Bonds bearing interest at the <br /> rate of not more than seven per cent (7 per cent) per annum payable <br /> on or before seven (7) years from date of issue shall be issued <br /> in payment of the cost and expense of such improvement , or the <br /> City of -Rverett may at its election sell said bonds and make pay- <br /> ment in cash in the manner provided by the ordinances of said city. <br /> od-Z3Viia-Pt,te <br /> D; D,mayor <br /> Passed July 1 , 1919 <br /> Attest: Louis Leath <br /> Published: Jvly 38 10144 <br />