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The Clerk of Council shall promptly deliver each ordinance and resolution passed by Council to the Mayor or to his or her office in the municipal building for his or her approval or disapproval. The Clerk of Council shall note the date and time of delivery in the journal of Council. The Mayor may approve or disapprove the whole or any part of any ordinance or resolution appropriating money, but otherwise his or her approval shall be addressed to the entire ordinance or resolution. If the Mayor approves the ordinance or resolution, he or she shall sign it and file it with the Clerk of Council. If the Mayor disapproves such legislation or any item of such legislation appropriating money, he or she shall file it, together with his or her objections, in writing, with the Clerk of Council. The Mayor's objections shall be entered in full on Council's journal. Unless the ordinance or resolution is filed with the Clerk of Council with the Mayor's written notice of disapproval within seven days after delivery to the Mayor, it shall take effect as though the Mayor had signed it. Upon the Mayor's disapproval, as provided herein, Council, no later than its next regular meeting, may reconsider the ordinance or resolution and if upon such reconsideration, the legislation is approved by a vote of at least seven Council members, it shall take effect notwithstanding the Mayor's disapproval.