The Council shall annually make an estimate in manner and form as is required by chapter nine of the acts of the legislature of West Virginia of the year one thousand nine hundred and eight, and shall make a levy of so much as will in its judgment be necessary to pay the same; provided, that such levy shall not exceed fifty cents on each one hundred dollars of the assessed valuation of the property of the City according to the last assessment thereof. And except as to the amount of said levy as aforesaid, all of the provisions of this Act, so far as applicable, are hereby adopted and made part hereof, including the power to make additional levies as therein provided.