City of Belleview, Florida, as now established, shall continue to be a municipal body politic and corporate in perpetuity under the name "City of Belleview" and, under that name, shall have all governmental, corporate, and proprietary powers to enable it to conduct municipal government, perform municipal functions and render municipal services, and may exercise any power for municipal purposes except as otherwise provided by law.

The jurisdiction and powers of the city shall extend over all lands and waters within the corporate limits, and in the air above the same; and to and over all persons, firms and corporations, property and property rights, occupations, businesses and professions whatsoever, within such boundaries; and over all property owned, leased or operated by the city outside the corporate limits. The title to and jurisdiction over all property of the city now owned, possessed or operated by it, and all property of every kind and character which the city may hereafter acquire within or outside the city, or which may vest in it, or be dedicated to it, for its use or for the public use, shall be vested in the city.