(A) No person shall be eligible to hold the office of Village President unless that person is a qualified elector of the village and has resided therein at least one year next preceding the person’s election or appointment.
(B) No person shall be eligible to hold the office of Village President who is a defaulter to the village, in arrears in the payment of any tax or other indebtedness due to the village.
(C) The President shall not be interested in any way in the manufacture, sale or distribution of alcoholic liquor within the village as prescribed by statute.