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Any person whose name appears on a petitian may withdraw his name hy a statement in writing filed with the city s�er� manager before the e�er�-rnana�er advises the council of the sufficiency of the petition. Sec. 5.04. Determinatiou of sufficiency. Immediately upon receipt of the petiEion, the city s�e�1E--mana�er shall examine the petition as to its sufficiency and report to the council within 20 days. Upon receiving the report, the council shall detertnine by resolu#ion #he stxfFiciency of the petition. Sec. 5.05. Disposition af insufficient petition. If the council determines that the peEition is insufficient or irregular, the city s�e�� manager shall deliver a copy of the petition together with a written statement of its defects, to the sponsoring committee. The committee shall have �8 90 days in which to file additional signature papers and to correct the ge�ition in a11 other particulars. If at the end of that period the council fnds that the petition is still insufficient ar irregular, the city s�eflFmana�er shall file the petition in his offce and notify the sponsoring committee. The final �nding that the petition is insufficient or irregular shall not prejudice the filing of a new petition for the same purpose nor shall it prevent the council from referring t�e ordinance to the voters at the next regular or special election at its option. Sec. 5.06 Initiative. Any ordinance except an ordinance relating to the current year operating budget, e�-sa�a�-��, ihe appropriation of money, or the levy of ro e Eaxes ^;'�: �f��°-- �r °��,�_,°°�, may be proposed by a petition which shali state at the head of each page or atYached thereto the exact text of the proposed ordinance. If the council passes the proposed ordinance with amendments and a majority of the sponsoring committee do not disapprove the amended form by a statement filed with the city e� mana�er within i0 days of its passage by the council, the ordinance need not be submitted to the voters. If the council fails to enact the ordinance in an acceptable form witltin b0 days after the final detertnination of sufficiency of the petition, the ordinance shall be placed