If, in the opinion of the park and recreation board of any such city, the funds available for such purposes be inadequate to provide ample, appropriate, and suitable grounds, buildings, and equipment for all the needed parks, park areas, park boulevards, playgrounds, park and playground systems, recreation centers, and other recreational facilities and activities of such city, the park and recreation board may petition the governing body of such city to call an election for the issuance of bonds on the credit of the city in an amount sufficient to provide the necessities of such city in these respects, subject to the limitations set out in the constitution of the state, and the governing body of such city shall call or cause to be called the election at the time requested in the petition.
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