The Council shall have power to fix the salary of the Mayor.
The salary of the Mayor for the calendar years 1952 and 1953 shall be fixed by Council prior to November 1, 1951.
If the established salary of the Mayor is to be changed or adjusted in respect to a succeeding term of office, such change or adjustment must be made by Council not later than February 1st of the last year of the elective term then being served by the Mayor, but the salary shall not be increased or decreased during the elective term of office which is then being served by the Mayor. Unless and until the salary is changed, it shall remain as last fixed.