Qualified voters of the City of Pleasanton may initiate legislation, except an ordinance appropriating money or authorizing the levy of taxes, or zoning, or annexations, or one repealing such an ordinance, by submitting a petition addressed to the City Council which requests the submission of a proposed ordinance or resolution to a vote of the voters of the City. The petition must be signed by qualified voters of the city equal in number to thirty (30) percent of the number of votes cast in the last regular municipal election of the city, or five hundred (500), whichever is greater, and each copy of the petition shall be signed in the same manner as recall petitions are signed, as provided in Article XII, Section 2 of this Charter, and shall be verified by oath in the manner and form provided for in recall petitions as given in Article XII, Section 3 of this Charter. The petition may consist of one (1) or more copies as permitted for recall petitions in Article XII, Section 4 of this Charter. The petition shall be filed with the person performing the duties of City Secretary. Within five (5) days after filing the petition, the person performing the duties of City Secretary shall present the petition and proposed ordinance or resolution to the City Council. Upon presentation to the City Council of the petition and draft of the proposed ordinance or resolution, it shall become the duty of the City Council (within ten (10) days after the receipt thereof), to pass and adopt the ordinance or resolution without alteration as to meaning or effect in the opinion of the persons filing the petition, or to call a special election, to be held on the next available official election day as set by Texas Election Code, at which time the qualified voters of the City of Pleasanton shall vote on the question of adopting or rejecting the proposed legislation. However, if any other municipal election is to be held within sixty (60) days after the filing of the petition, the question may be voted on at such election.