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• • • 2198 LAWS OF FLORIDA Section 54. In the event there is remaining in the bank or banks, or other depository an unexpended balance of money that was derived from the sale of bonds after the work, the cost of which is to be paid therefrom, has been completed, the City Council shall invest such balance in such interest bearing securities as it may elect, to be approved by the Mayor, or deposit same at interest in an approved depository. Such securities shall be turned over by it to the City Treasurer or other proper officer, and the pro- ceeds thereof be applied to the payment of the bonds or the in- terest thereon, as directed by resolution of the Council. Section 55. The adverse result of an election to determine the question of the issuance of bonds for any one or more of the pur- poses mentioned in this Act shall not debar the then existing or any subsequent Council from resubmitting the same question to the legal voters of the City after the lapse of one year; but the ques- tion of bonding for any purpose not already voted upon can be submitted to the vote of the people whenever, in the judgment of the Council, it may be considered advisable. Section 56. All the property within the City taxable for State and County purposes shall be assessed and listed for the purpose of taxation on the City Assessment Roll and the City Tax Assessor shall proceed substantially in the same manner as is provided by law for the assessment of real and personal property for the pur- poses of State and County taxation; and railway and railroad com- • panies, including street railways, shall be subject to assessment and taxation on all real estate and personal property owned by them within the limits of the corporation, in the same manner and at the same ratio and valuation as other property, save and excepting the roadbed and rolling stock of said railroad, which shall be assessed by the State Comptroller, as provided by law; provided, the City may make its own assessment of property for taxation, and the valuation of the property by the municipality shall not be con- trolled by the valuation fixed for State and County taxation, but may exceed the same, and provided, further, the City Council shall act as a Board of Equalization for the purpose of equalizing the valuation instead of the Board of County Commissioners. Section 57. The City Tax Collector shall proceed with the col- lection of the City taxes substantially in the same manner as pro- vided by law for the collection of taxes and sale of property for the non-payment of taxes by State and County Tax Collectors. He shall give all notice required by law, and sell the real property of delinquents in the manner provided by law, and give to the pur- !15