(1) A petition signed and authenticated in number equal to at least five per centum of qualified voters as provided in subdivision one of this section, or to fifteen thousand, whichever is less, shall be sufficient to require the submission of a proposition or propositions for the approval of such a local law or the principle elements designated therein for separate submission, at a referendum in accordance with such subdivision.
(2) The legislative body of the local government on its own motion may adopt a resolution requiring that a proposition or propositions for the approval of such a local law and the principle elements therein as shall have been designated for separate submission, be submitted at a referendum, in accordance with such subdivision, at the next general election, or at a special election, held not less than sixty days after the adoption of such resolution. k. In the case of a village, creates or abolishes the office of manager.
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