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interest at the rate of not more than seven per cent per annum <br /> payable on or before twelve years from date of issue shall <br /> be issued in payment of the cost and expense of such improvement, <br /> or the city of Everett may at its election sell said bonds and <br /> make payment in cash, in the manner provided by the ordinances <br /> of said city. <br /> Mayor. <br /> Passed July 3ra1917 <br /> Attest <br /> C ty Cler . <br /> Published July 5th ,1917 , <br />