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4 <br /> under the mode of"Payment by Bonds", as defined by law and the <br /> ordinances of said city. Bonds bearing interest at the rate of seven <br /> per cent per annum payable on or before twelve years from date of <br /> issue shall be issued in payment of the cost and expense of such im- <br /> provement, or the city of Everett may, at its election, sell said <br /> bonds and make payment in cash, in the manner provided by the ordin- <br /> ances of said city, <br /> ' Mayor, <br /> Passed SEP 5 191'6 <br /> Lc41/9 <br /> Attest ate <br /> City Clrk, <br /> Published SEP 7 1916 <br />