To meet public emergency affecting life, health, property, or the public peace, and to provide for special emergencies in the operation of a City department or agency, the Council may adopt one or more emergency ordinances, but such ordinances may not levy taxes, grant, renew or extend a franchise, regulate the rate charged by any public utility for its services, authorize the acquisition of real estate or authorize the borrowing of money except as provided in subsection 7.09(b). No emergency ordinance shall be subject to the initiative or referendum. An emergency ordinance shall be introduced in the form and manner prescribed for ordinances generally, except that it shall be plainly designated as an emergency ordinance and shall contain, after the enacting clause, a declaration stating that an emergency exists and describing it in clear and specific terms. An emergency ordinance may be adopted with or without amendment or be rejected at the meeting at which it is introduced, but the affirmative vote of at least six (6) members shall be required for adoption. After its adoption, the ordinance shall be published and printed as prescribed for other adopted ordinances. It shall become effective upon adoption, or at such time as it may specify. An emergency ordinance may also be repealed by adoption of a repealing ordinance in the same manner specified in this section for adoption of emergency ordinances. (Amended Nov. 3, 1998)