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11 <br /> a <br /> • <br /> interest at the rate of seven per cent per annum payable on or <br /> before twelve years from date of issue shall be issued in pay- <br /> ment of the cost and expense of such improvement, or the city of <br /> Everett may, at its election sell said bonds and make payment <br /> in cash, in the manner provided by the ordinances of said city. <br /> e Mayor. <br /> Passed J U L 1 " 1916 <br /> Attest, <br /> City Clerk. <br /> C) r <br /> Published ' tl� 1916 <br />