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Declaring a state policy as to an alternate method of electing the governing bodies of certain municipalities and making findings with respect thereto; providing methods for the adoption of this act by optional and anticipatory referendum elections as to cities under and over 150,000 population and for mandatory and anticipatory referendum elections for cities over 600,000 population; providing procedures for the conduct of elections to adopt this act; stating the method by which by ordinance cities adopting this act may implement a plan of single-member district elections, or combination plans therewith; providing statutory standards and limitations as to the content of said ordinances; providing that certain matters shall continue to be controlled by the charters of cities adopting this Act; specifying the consequences of failure to pass necessary ordinances implementing this Act after its adoption by the voters; specifying the qualifications of candidates desiring to be elected from single-member districts; providing for elections for at large places; providing for compliance by any referendum election; providing for subsequent elections hereunder including provisions for repealing the action of a prior election; providing for severability.