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CHAPTER 7. TAXATION AND FINANCES
SEC. 7.01 COUNCIL TO CONTROL FINANCES.
   The council shall have full authority over the financial affairs of the city, and shall provide for the collection of all revenues and other assets, the auditing and settlement of accounts, and the safekeeping and disbursement of public monies, and in the exercise of sound discretion shall make appropriations for the payment of all liabilities and expenses.
SEC. 7.02 FISCAL YEAR.
   The fiscal year of the city shall be the calendar year.
SEC. 7.03 SYSTEM OF TAXATION.
   The council shall have full power to provide by ordinance for a system of local taxation. In the taxation of real and personal property, the city shall conform as fully as possible to the general state law as to the assessment of such property and the collection of such taxes.
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