All resolutions and motions which create any liability against the village or which provide for the expenditure or appropriation of its money, or to sell any village property, and all ordinances, passed by the Board of Trustees shall be deposited with the Village Clerk. If the President approves of them, he or she shall sign them. Those of which he or she disapproves he or she shall return to the Board of Trustees, with his or her written objections, at the next regular meeting of the Village Board occurring not less than five days after their passage. The President/Mayor may disapprove of any one or more sums appropriated in any ordinances, resolutions, or motions making an appropriation and, if so, the remainder shall be effective. However, the President/Mayor may disapprove entirely of an ordinance, resolution, or motion making an appropriation. If the President/Mayor fails to return any ordinance or any specified resolution or motion with his or her written objections, within the designated time, it shall become effective despite the absence of his or her signature.
(2016 Code, § 2.105)