A.   Initiative and referendum petitions must be signed by a number of City electors equivalent to at least five percent (5%) of the total number of votes cast for Mayor at the last regular Mayoral election.
   B.   Petitions shall set forth in full the measure to be initiated or referred as well as a brief statement of its substance.
   C.   Signers of petitions shall be voters of the City. Each signer shall sign his or her name indelibly and shall indicate his or her residence and the date of signing. Each petition paper shall contain a sworn affidavit of the circulator stating that the circulator is a registered elector of the City; that each signature is, to the knowledge of the circulator, the genuine signature of a registered elector and the person whose name it purports to be; and that it was affixed in the presence of the circulator.
   D.   The City Clerk shall within ten (10) days, canvass the signatures and present the petition, if found sufficient and proper, to the City Council at its next regular meeting.
   E.   If the City Clerk does not find the petitions to be sufficient and proper, the City Clerk shall forthwith notify each circulator by mail of the deficiency.
(Adopted by the electorate, 11-5-1974)