At the first meeting in January of each year the Council shall immediately proceed to elect a President from their own number, who shall serve for a term of one year and until his successor is elected and qualified. The President of Council shall preside at all meetings of the Council and shall have such other powers and duties as are provided in this Charter or by ordinance, resolution, or rule adopted by the Council. When the Mayor is absent from the City or unable for any cause to perform his duties the President of the Council shall become acting Mayor and shall have the same powers and limitations and perform the same duties as the Mayor. The President of Council may vote on all matters before the Council regardless of whether he is acting as the Mayor.