(A) An ordinance, order or resolution passed by the Town Council is considered adopted when it is signed by the President of Council. If required by statute, an adopted ordinance, order or resolution must be promulgated or published before it takes effect.
(B) An ordinance prescribing a penalty for a violation must, before it takes effect, be published in the manner prescribed by I.C. 5-3-1 unless:
(1) It is published under I.C. 36-1-5; or
(2) It declares an emergency requiring its immediate effectiveness and is posted in:
(a) One public place in each district in the town; or
(b) A number of public places in the town equal to the number of Town Council members, if the town has abolished legislative body districts under I.C. 36-5-2-4.1.