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No ordinance for the levy of an income tax shall be effective until the same shall be approved by a majority of the electors. A resolution to submit the question of any levy of an income tax to the electors of the City shall specify the date of holding such election, which shall not be earlier than seventy-five days after the adoption and certification of the resolution. The resolution shall go into immediate effect upon its passage and no publication of the same is necessary other than that provided for in the notice of election. A copy of such resolution, immediately after its passage, shall be certified by the Clerk of Council to the Board of Elections of the County. If a majority of the electors who cast ballots on the income tax levy vote in favor thereof, the same shall thereupon be adopted and be in full force and effect.