On or before the 15th day of August in any year the Council may, by resolution adopted by vote of not less than five of the members, declare that the amount of money that may be raised by taxation under the preceding section, together with all other funds available during the year, will be insufficient to provide an adequate amount for the necessary requirements of the Village and that it is necessary to levy taxes in excess of said limitations for the purpose of meeting the current expenses of the Village, and may require the submission of the question of levying such additional tax to the electors of the Village at the next November election. Such resolution shall specify the additional rate of levy required and the number of years during which such increased rate may be levied, which shall not exceed two years. Such resolution shall take effect upon its adoption and shall be certified by the Clerk forthwith to the election authorities who shall place said question upon the ballot in the following form:
For the approval of an additional levy of taxes by Amberley Village at the rate of mills to be used for the purpose of meeting current expenses and to be effective during the tax year .
Against the approval of an additional levy of taxes by Amberley Village at the rate of mills to be used for the purpose of meeting current expenses and to be effective during the tax year .
The question covered by such resolution shall be submitted as a separate proposition, but may be printed on the same ballot with any other proposition submitted at the same election. If a majority of those voting thereon vote for the approval of such additional levy, Council shall immediately make such levy, or such part thereof as it finds necessary, pursuant to such approval, and certify the same to the County Auditor to be placed on the tax list and collected as other taxes.
(Amendment adopted by electorate 11-3-64)