SECTION 74. VOTER APPROVAL FOR BOND ISSUES; ANNUAL BOND ELECTIONS.
   It is especially provided that no bonds shall be issued under the provisions of this Charter unless and until the question of issuing said bonds shall have first been submitted to a vote of the people of the City and shall have received three-fourths of all votes cast at said election for or against the same.
   The Council may provide by ordinance for an election every year, at which the question shall be submitted to the people, as to whether the City shall be authorized to issue bonds for the purpose and under the provisions of this Charter, to an amount not to exceed in the ensuing year the amount recommended by said ordinance for said ensuing year; but the ordinance providing for election need not specify in detail the location of the improvements contemplated to be paid for during the ensuing year out of said aggregate issue authorized for said year; but before issuing any bonds the Council shall pass separate ordinances for such street or alley to be improved, dealing with all requirements set forth in Section sixty-seven of this Charter, and notwithstanding the provisions of Section Two, Three and Six of Chapter Forty-seven of the West Virginia Code, it shall be sufficient description of the purpose for which said election is held if the ordinance providing for said election shall, recite that it is to authorize the Council of said City to issue bonds for the purpose of grading, paving, sewering or otherwise improving the streets and alleys of said City, at such times as the Council shall deem fit during the ensuing year ending on the
                     day of                , 19 _ , to an amount not exceeding in the aggregate during the year of the sum of                  dollars; and when the Council shall have been once authorized by a vote of the people to issue bonds for the purpose and in a sum not to exceed the amount set forth in the ordinance providing for said election, no further election shall be necessary for the issuing of bonds up to the amount stipulated in said ordinance providing for election; but the Council shall from time to time during said ensuing year, by ordinance, authorize the issue of said bonds, in such sums and for the improvement of such streets or alleys as to it may seem best, providing the requirements of this Charter are complied with. The aggregate amount of bonds authorized by said annual election shall not exceed during said ensuing year, unless and except the same be authorized by special election held at a subsequent time in said year and duly called as provided for the calling of the annual bond election.
   The provisions of Chapter forty-seven of the West Virginia Code concerning bond elections, shall so far as they are not in conflict with the provisions of this Charter, apply to the annual bond elections herein provided for.