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until paid. Such delinquent assessments , with penalty and interest <br /> shall Forthwith be collected, and the lien thereof be enforced in <br /> the manner provided by law and the charter and ordinances of Everett. <br /> i I Sec. 5: MODE OF PAYMENT BY BONDS: 'Whenever the cost and <br /> expense of any 'improvement shall be payable by the mode of 'payment <br /> by bonds ' , the whole or any portion of any assessment levied on <br /> account of such improvement may be paid without penalty or interest <br /> during the first thirty days following the date of the first <br /> publication of a notice by the city treasurer that such assessment <br /> and assessment roll is in his hands for collection, and the unpaid <br /> balance if any may be paid in equal annual installments , the <br /> number of which shall equal the number of years which the bonds to <br /> pay for the improvement may run, or the lien of any such assessment <br /> may be discharged at any time after the said thirty days by paying <br /> the entire unpaid portion thereof, with all penalties and cost <br /> attaching, together with all interest thereon to date of delinquency <br /> of the installment thereof next falling due. The first installment <br /> shall become due and payable during the thirty day period succeeding <br /> a date one year after the date of first publication of such notice, <br /> and annually thereafter each succeeding installment shall become <br /> due and payable in like manner. If the whole or any portion of any <br /> assessment remain unpaid after the first thirty day period herein <br /> provided for, interest upon the whole unpaid sum shall be charged <br /> at the rate fixed in the ordinance providing for such improvement, <br /> and each year thereafter one of said installments together with the <br /> interest due upon the whole of the unpaid balance shall be collected. <br /> Any installment not paid prior to the expiration of the thirty day <br /> period during which such installment is due and payable shall there- <br /> upon become delinquent. All delinquent installments shall , until <br /> paid, be subject to a charge for interest at the bond rate, as herein <br /> specified, and to an additional charge of five per cent penalty <br /> levied upon both principal and interest due on such installment or <br /> ins tallments. <br /> Sec . 6: ISSUANCE Or BONDS: At the expiration of thirty <br />