At the last regular Council meeting in December, 1981, and at the last regular Council meeting in December of each odd-numbered year thereafter the Council shall meet for the purpose of inducting into office each newly elected member thereof whose term of office is to commence on the first day of January immediately thereafter. Should Council, for any reason, fail to so meet, newly elected members thereof automatically shall take office as of January 1 thereafter without need of oath or any other ceremony. At 7:30 o'clock p.m. on the first Wednesday in January, 1982, and on the first Wednesday in January of each even-numbered years thereafter, unless any such Wednesday falls on January 1 in which case this provision shall apply to the second Wednesday in January of such year, the Council shall meet for the purpose of organizing the Council. Thereafter, Council shall meet regularly at such times as may be prescribed by its rules, but not less frequently than once each month. (Amended 11-4-80.)