SECTION V-8. Executive Powers of the Mayor.
   The Mayor shall be the chief executive officer of the Village. He shall supervise the administration of the Village's affairs, and shall exercise control of all departments and divisions. He shall be the chief conservator of the peace within the Village and shall see that all laws, resolutions, and ordinances are enforced therein. He shall be responsible for the preparation and submission of the annual estimates of receipts and expenditures, and all appropriation measures, and shall at all times keep the Council fully advised as to the financial condition and needs of the Village. He shall see that all terms and conditions imposed in favor of the Village or its inhabitants in any franchise or contract to which the Village is a party are faithfully kept and performed.
   The Mayor shall have the power, subject to the other provisions of this Charter, to appoint, promote, transfer, reduce or remove any officer or employee of the Village except those required by this Charter to be elected, those whose terms of office are fixed by this Charter, and the Director of Law.
   The Mayor shall execute, on behalf of the Village, all contracts, conveyances, evidences or indebtedness and all other instruments to which the Village is a party. He shall have custody of the seal of the Village and may affix it to all of the above mentioned instruments, but the absence of the seal shall not affect the validity of any such instrument.
   The Mayor shall be recognized as the official and ceremonial head of the Village government by the Governor for military purposes, and by the courts for the purpose of serving civil processes.