If the City Council shall alter or amend said proposed ordinance (as it may do), and such amended ordinance should not be satisfactory to the persons demanding the referendum, then the said amended ordinance shall be, if demanded in writing by a committee of five (5) signers, to be designated in the petitions as the committee to act for the said petitioners, submitted to a vote of the people at the next election ensuing in the city, unless a different date be set by the council. Or if said ordinance should not be amended or altered by the City Council, the same course shall be taken in respect thereto as in the case of amended ordinances.
The ballots used in such election shall contain the words,-“For the Ordinance Passed by the City Council on a certain date” (stating the nature of the ordinance), and “Against the said Ordinance.” If a majority of the votes cast shall be in favor of the adoption of said ordinance, the said ordinance as passed shall be valid and effective, as other ordinances of the city, upon proper publication if required. If a majority of the votes cast as [at] such election be against the said ordinance it shall not be valid and effective.