On or before the 15th day of September in any year Council may, by resolution adopted by vote of two-thirds of all the members elected thereto, declare that the amount of money that may be raised by taxation under the limitations of this Charter or the general law of the State for the ensuing year, together with all other funds available during the year, will be insufficient to provide an adequate amount for the necessary requirements of the City, and that it is necessary to levy taxes in excess of said limitations (1) for the purpose of meeting the current expenses of the City, its boards, departments, and institutions, and (2) for any specified improvement or improvements having a life of 5 years or more, and may require the submission of the question of levying such additional tax to the electors of the City at the next November election. Such resolution shall specify the additional sum which it is necessary to levy, the purpose thereof and the number of years during which such increased rate may be levied, which shall not exceed 5 years. Such resolution shall take effect upon its adoption and shall be certified within 5 days thereafter to the election authorities who shall place said question upon ballot in the following form:
   For the  approval of an  additional levy of taxes by the City of Ashtabula in  the sum of  $                to be used for the purpose of                    , and effective during the tax year.
   Against the approval of an additional levy of taxes by the City of Ashtabula in the sum of $                 to be used for the purpose of                      , and effective during the 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 other than the election of officers 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.
(Amended 5-7-46)