An ordinance or resolution passed by the Council shall be signed by the President of Council or other presiding officer of Council and presented forthwith to the Mayor by the Council Clerk. If the Mayor approves such ordinance or resolution, he shall sign it within ten (10) days after its passage or adoption by the Council, but if he does not approve it, he shall return it to the Council with his objections within said ten (10) days, or if the Council be not then in session, at the next regular meeting thereof, which objections the Council shall cause to be entered in full on its journal. If the Mayor does not sign or so return an ordinance or resolution after its passage or adoption, within the time specified, it shall take effect in the same manner as if he had signed it. The Mayor may approve or disapprove the whole of any item or part of any item or part of any ordinance or resolution appropriating money.
When the Mayor refuses to sign an ordinance or resolution or part thereof and returns it to the Council with his objections, the Council may, prior to the expiration of not more than fourteen (14) days, from the date of its return, proceed to reconsider it, and, if upon reconsideration the resolution or ordinance or part or item thereof disapproved by the Mayor be approved by the vote of two-thirds (2/3) of all members of Council, it shall take effect without the signature of the Mayor in the same manner as if he had signed it. In all such cases, the votes shall be taken by "yeas" and "nays" and entered individually on the journal.