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Section 5: That the cost and expense of such improvement <br /> shall be defrayed by special assessments payable in ten equal annual <br /> installments , with interest at the rate of _ r1 per cent per annum <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 <br /> per cent per annum, payable on or before ten years from date of <br /> issue shall be issued for the payment of the cost and expense of <br /> such improvement; or the city of Aver. ett may, at its election, sell <br /> such bonds and make payment in cash,in the manner provided by the <br /> ordinances of said city. <br /> , 777d2 <br /> ayor <br /> Passed MAY 1 -' 1915 <br /> Attest <br /> City C.erk. <br /> Published MAY 1 31915 <br />