(5) contain any article requested by petition signed by at least five percent of the voters and filed with the Village Clerk at least 40 days prior to the day of the meeting. (Added 1999, No. M-11 (Adj. Sess.), § 2, eff. May 9, 2000.)

(c) An ordinance adopted by the Board in the manner set forth shall be subject to its repeal by a Village meeting if a petition signed by not less than 10 percent of the voters is filed with the Village Clerk on or before the effective date of the ordinance. The Clerk shall warn a Village meeting to be held within 45 days of the filing, to consider the question of repeal of the ordinance. Until the vote and question of repeal is held, the ordinance shall not become effective. If a majority of the votes cast shall be in favor of repealing the ordinance, the same shall be repealed and no further action shall be taken. If a majority of the votes cast shall be opposed to repeal, the ordinance shall become effective as of 12:01 a.m. on the day following such a vote.