§ 45-12-19. Charter provisions as to referendum.
The charter of any city or town may provide that the issuance of bonds, notes or other
evidences of indebtedness of the city or town be by ordinance or by resolution after
the issuance of the bonds, notes or other evidences of indebtedness of the city or
town have been authorized by general or special law. The charter may provide that
the ordinance or resolution becomes effective only upon approval by a majority of
electors voting thereon; provided, that the charter provision is inoperative and ineffective,
and the ordinance or resolution becomes effective without approval by the electors
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§ 45-12-19. Charter provisions as to referendum.
The charter of any city or town may provide that the issuance of bonds, notes or other
evidences of indebtedness of the city or town be by ordinance or by resolution after
the issuance of the bonds, notes or other evidences of indebtedness of the city or
town have been authorized by general or special law. The charter may provide that
the ordinance or resolution becomes effective only upon approval by a majority of
electors voting thereon; provided, that the charter provision is inoperative and ineffective,
and the ordinance or resolution becomes effective without approval by the electors
of the city or town, whenever the general or special law which authorizes the issuance
of the bonds, notes or other evidences of indebtedness provides substantially that
the general or special law becomes effective upon acceptance or approval by the electors
of the city or town; and provided, further, that the charter provision shall be operative
and effective as to this ordinance or resolution only whenever the general or special
law which authorizes the issuance of the bonds, notes or other evidences of indebtedness
has become effective without acceptance or approval by the electors of the city or
town, and contains no provision requiring the acceptance or approval of the electors
of the city or town as a prerequisite to the issuance of the bonds, notes or other
evidences of indebtedness of the city or town.