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Upon receiving a certified initiatory or referendary petition from the clerk, the council shall, within thirty (30) days, either:
(a) if it be an initiatory petition, adopt the ordinance.
(b) if it be a referendary petition, repeal the ordinance;
(c) or if the council neither adopts or repeals the ordinance, as the case may be, the council shall submit the proposal to the electors.