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Whenever the cost and expense of any improvement shall be payable by the mode of immediate payment, the city treasurer shall, upon receipt of such roll, publish a notice in the official paper of the city for ten consecutive daily issues or two consecutive weekly issues that the said roll is in the city treasurer’s hands for collection, and that any assessment thereon or any portion of such assessment may be paid at any time within thirty days from the date of the first publication of such notice, without penalty, interest or cost, and that unless payment be made within such time such assessment or unpaid portion thereof will become delinquent. Upon delinquency a penalty of five percent shall attach and become a part of such assessment. Delinquent assessments shall bear interest at the rate of eight percent per annum until paid. Such delinquent assessments, with penalty and interest shall forthwith be collected, and the lien thereof be enforced in the manner provided by law and the charter and ordinances of Everett. (Prior code § 13.48.040.)