The Council shall cause to be made up annually, and spread upon its minute book, the accurate estimate of all sums of which are, or may become lawfully charged against the Town, and which ought to be paid within one year, and it shall order a levy of so much as will in its judgment, be necessary, and upon all real and personal property therein, subject to State and County taxes; provided, that such levies shall not exceed one dollar on each tangible, and one dollar on every one hundred dollars of the ascertained value of such property. At least once in each year the Council shall cause to be made up and published in one or more of the newspapers of the Town, a statement of the revenue received from the different sources, and of the expenditures upon the different accounts for the preceding year, or portion of year as the case may be.