All actions of the Town Meeting pursuant to the provisions of Sections 408, 409, 902, 903 and 904 of this Charter shall be subject to overrule by a Special Town Referendum in the following manner:
(a) If, within ten (10) days after any such action of the Town Meeting, a petition, on a form pre-approved by the Town Clerk, conforming to the requirements of Chapter 90 of the Connecticut General Statutes and signed in ink or indelible pencil by at least three (3) percent of the total electors of the Town, is filed with the Town Clerk requesting its reference to the Town voters at a Special Referendum, the effective date of such action, if an affirmative action, shall be suspended.
(b) Said petition shall be accompanied by affidavits signed and sworn to by each circulator as provided in Chapter 90 of the Connecticut General Statutes.
(c) The Town Clerk shall, not later than the close of the next business day after receipt of the petition, determine whether the petition and affidavits are sufficient as prescribed by law and if so, certify the petition to the Town Council.
(d) The Town Council shall then fix the time and place of such Special Referendum which shall be held not less than seven (7) nor more than fourteen (14) days after the certification of the petition, and notice thereof shall be given in the manner provided by law for the calling of a Town Referendum.
(e) Results of the Special Town Referendum will be executed as follows:
Approval by the Special Town Referendum of the action so referred shall take effect upon the conclusion of such referendum.
A negative action so referred shall be confirmed upon the conclusion of such referendum.
In the event a negative action of the Town Meeting is overruled at such Special Referendum as herein provided, said referendum result shall be construed as approving said action rejected by the Town Meeting. The Head Moderator of the referendum shall as soon as practicable but not later than two (2) days after the Special Town Referendum file the results of the Special Town Referendum with the Town Clerk.