Section 13-B. Publicity fund

Any  city  may establish a publicity fund of
  such amount  as  the  city  council  or  other  governing  body  may  by
  resolution  direct,  to  be  expended for the purpose of advertising the
  advantages of such city as a  winter  and  summer  resort,  or  for  the
  commemoration programs of historical events, or otherwise, including the
  necessary  and  legitimate  expense  of securing the designation of such
  city as  the  place  for  holding  the  convention  or  meeting  of  any
  organization  or  society, and for such other and additional purposes as
  may tend to promote the general commercial and industrial welfare of the
  city, and for that purpose may raise by taxation  a  sum  not  exceeding
  twenty-five  thousand  dollars  per  annum  to  be  assessed, levied and
  collected in the same manner that other city taxes are assessed,  levied
  and collected.  Notwithstanding the provisions of this section, the city
  council  of  any  city  may  by  local law establish a publicity fund in
  excess of twenty-five thousand dollars per  annum,  as  such  local  law
  shall  direct.    Such  local  law  shall  be subject to a referendum on
  petition. Such sum shall be raised by taxation and  shall  be  assessed,
  levied  and  collected  in  the  same  manner  that other city taxes are
  assessed, levied and collected. Provided,  however,  that  if  the  city
  council  of  any  city  with  a  population  of  fifty  thousand or less
  establishes, by local law, a publicity fund in excess of fifty  thousand
  dollars,  such  local  law shall become operative only after it shall be
  adopted after submission to the qualified voters of the  city,  and  due
  adoption  thereof  by  a  majority  of  the qualified voters of the city
  voting thereon at a general election.