§ 33.00 Bond resolution and capital note resolution; procedure for
enactment thereof. a. Every bond resolution and capital note resolution
shall be adopted by at least a two-thirds vote of the voting strength of
the finance board, except that (1) where a bond resolution or a capital
note resolution is subject to mandatory referendum before it shall
become effective or (2) where a bond resolution provides that it shall
be submitted to a referendum in the manner authorized by or pursuant to
this chapter, a three-fifths vote shall be sufficient. A majority vote
shall be sufficient for the adoption of a resolution authorizing the
renewal of a capital note.

b. Any village having a population of five thousand or more, as
determined pursuant to the last available federal census, and any city
may hereafter adopt, in the manner provided by law, a local law
requiring public hearings on all bond resolutions and capital note
resolutions or on bond resolutions and capital note resolutions
authorizing the issuance of obligations for such purposes or amounts as
may be specified in such local law. Such a local law shall prescribe the
procedure for such public hearings.