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Initiative, Referendum, and Recall Powers Reserved by the People. The people of Mounds View reserve to themselves the power, in accordance with the provisions of this chapter, to initiate and adopt any ordinance except an ordinance appropriating money or authorizing the levy of taxes, to require such an ordinance when passed by the council to be referred to the electors for approval or disapproval, and to recall elected public officials. These powers shall be called the initiative, the referendum, and the recall respectively. Petitions An initiative or referendum shall be initiated by a petition signed by 'registered voters of the city equal in number to _ percent of those who voted in the last preceding city election. Each petition shall be spon- sored by a committee of five voters whose names and addresses shall appear on the petition on file in the city clerks office. Each signer shall sign his/her name and give his/her street address. Each seperate page of the petition shall have appended to its certificate, verified by oath by the petitioner, that each signature is the genuine signature of the person whose name it purports to be. Immediately upon receipt of the petition, the city clerk shall examine the petition as to its suffi- ciency and report to the council within 20 days. Upon receiving the re- port, the council shall determine by resolution the sufficiency of the petition. If the council determines that the petition is insufficient or irregular, the city clerk shall deliver a copy of the petition, together with a written statement of its defects, to the sponsoring committee. The comm- ittee shall have 30 days in which to file additional signature papers and to correct the petition in all other particulars. Initiative. Any ordinance, except an ordinance relating to the appropriation of money or the levy of taxes, may be proposed by a petition which shall state at the head of each page or attached thereto the exact text of the proposed ordinance. The petition for initiative shall follow the petition require . ments as outlined in ( section for petitions) . If the petition submitted under this section is found to be sufficient the ordinance shall be placed on the ballot at the next election occurring in the city. If no election is to occur within 120 days after the filing of the petition, the council shall call a special election on the ordinance to be held within such period. If a majority of those voting on the ordinance vote in its favor it shall become effective 30 days after adoption unless the ordinance specifies a later effective date.