3.06  Veto Power of Mayor.
   Every ordinance or resolution passed by Council shall be attested by the Clerk of Council and promptly presented to the Mayor.  If the Mayor approves such legislation, he shall sign it within seven days after its passage or adoption by Council;  if he does not approve it, he shall veto and return it to the Clerk within said seven-day period together with a written statement of his objections, which objections shall be entered in full by the Clerk in the Journal of the Council.  The Mayor may approve or disapprove the whole or any item of an ordinance appropriating money, but otherwise, his approval or disapproval shall be addressed to the entire ordinance or resolution.  If the Mayor does not sign or veto an ordinance or resolution within the period above specified, it shall take effect in the same manner as if he had signed it on the last day of said seven-day period.
   Following the veto by the Mayor of an ordinance or resolution, or item thereof as herein provided, the Council may, but not later than its next regular meeting, reconsider the legislation vetoed by the Mayor, and if such legislation shall then be approved by the affirmative vote of two-thirds of the members of Council, it shall become effective notwithstanding the veto of the Mayor.