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• • • 2202 LAWS OF FLORIDA fondants may be had by publication as is provided by law for other chancery suits. The foreclosure proceeding shall be prosecuted to a sale and conveyance of the property involved in said proceeding as now provided by law in suits to foreclose mortgages. Section 67. After the equalization, approval and confirmation of the levying of special assessments for local improvements by the City Council, and as soon as the contract for said improvement or improvements has been finally let, the City Council may by ordi- nance issue bonds pledging the full faith and credit of the City, to an amount not exceeding the total cost of said improvement or improvements to be paid by special assessment, and the estimated cost of said improvement as stated in the ordinance providing for said improvement and the levying of special assessments therefor shall be used as the basis of calculation in determining the cost of said improvement; and the said bonds so issued shall be general obligations of said City. And if special assessments be not im- posed and collected in respect of the improvements in season to pay the principal and all interest on said bonds, the City Council shall levy and collect against all taxable property in the City of Vero Beach a tax sufficient to pay such principal and all interest as the same respectively becomes due and payable. All bonds so issued shall be excluded from any limitation of bonded indebtedness pre- scribed in this Act or any general law and shall be issued by ordi- nance of the City Council without submitting the question as to the issuance of said bonds to a vote of the electors of said City. All bonds issued under the provisions of this section shall be ad- vertised for sale on sealed bids, which advertisement shall be pub- lished once a week for two weeks in a newspaper of general circula- tion published in Indian River County, Florida; and if said bonds be not sold pursuant to such advertisement they may be sold at private sale at any time after the date advertised for the reception of sealed bids; provided, that no bonds issued hereunder shall be sold for less than ninety-five per cent of par value thereof, with accrued interest to date of delivery, and provided further that no bonds shall be sold at private sale for less than the best sealed bid received therefor, and no private sale shall be made of said bonds subsequent to thirty days after the advertised date for the reception of sealed bids. All bonds issued for local improvements under this section shall be in the denomination of One Hundred Dollars or some multiple thereof, and shall bear interest not exceeding six per cent per IIS