Each ordinance providing for the appropriation of money for the current expenses of the Municipality, or for an annual tax levy or street improvements petitioned for by the owners of a majority of the foot frontage of the property benefited and to be especially assessed for the cost thereof, and any emergency ordinance or measure for the immediate preservation of the public peace, health or safety shall take effect immediately upon its passage. No other ordinance or resolution shall go into effect until thirty (30) days after its final passage by the Council. Each emergency measure shall contain a statement of the necessity for such emergency action and shall require the affirmative vote of at least five (5) members of the Council for its enactment. No action of the Council in authorizing any change in the boundaries of the Municipality, or the surrender or the joint exercise of any of its powers, or in the granting, renewing or extending any franchise, or in contracting for the supply to the Municipality or to its inhabitants of the product or service of any public utility, whether Municipality owned or not, shall be considered or taken as an emergency measure.