SEC. 5.04  INITIATION OF MEASURES.
   Any five electors may form themselves into a committee for the initiation of any ordinance except as provided in section 5.01. Before circulating any petition they shall file a verified copy of their proposed ordinance with the city clerk, together with their names and addresses as members of such committee. They shall also attach a verified copy of the proposed ordinance to each of the signature papers herein described, together with their names and addresses as sponsors.