Section 5. Bond issues must be assented to by a majority of the qualified voters. 
Be it further enacted, that no bonds of the city, except bonds for paying, refunding, or removing bonded indebtedness, and except bonds issued under the provisions of Tennessee Code Annotated, Sections 7-32-101 - 7-34-110, shall be issued without the assent of a majority of the qualified voters actually voting at an election held for the purpose, in the manner heretofore provided, except as otherwise provided by the laws of the State of Tennessee. (As amended by Priv. Acts 2014, ch. 55, sec. 1)