In addition to other acts required by specific provision of this Charter to be done by ordinance, those acts of the Common Council shall be by ordinance which:
(a) Provide for a fine or penalty or establish a rule or regulation for violation of which a fine or other penalty is imposed;
(b) Levy taxes;
(c) Grant, renew, or extend a franchise;
(d) Regulate the rate charge for services by a public utility;
(e) Authorize the borrowing of money;
(f) Are provided for by State law;
(g) Other discretionary matters at the option of the Common Council and not in violation of State law.
Acts other than those referred to in the preceding sentence may be accomplished either by motion, ordinance or by resolution. No ordinance of the Common Council shall be binding or valid unless adopted by the affirmative vote of the majority of the members present.