Section XVIII-4(d): Submission to referendum vote.

  When such petition demands a referendum vote upon any ordinance
or any other legal act other than the grant, extension, or
renewal of a franchise, the chief executive officer shall submit
said ordinance or act to the qualified electors of said
corporation at the next succeeding general municipal election,
and if, at said election, a majority of the electors voting
thereon shall not vote for the same, it shall thereupon stand
repealed.