All formal actions taken by the Council shall be subject to a referendum by the affiliated locals in the following manner:

Section 1. Reconsideration. Upon presentation to the Council of a petition bearing the signatures of ten percent or more of the members of three or more of the affiliated locals, the Council shall, at its next meeting, reconsider its formal action as specified by the petitioner.

Section 2. Referendum. If the Council reaffirms its action, that action shall be subject to a vote of approval by the locals in a referendum to be held within 60 days. The procedure for holding the referendum shall be determined by each local. Upon rejection by two-thirds of the affiliated locals, that Council action shall become null and void.