As authorized by RC Section 733.262 there is hereby created the office of Village Fiscal Officer. This appointed person shall perform the duties provided by law for the Village Clerk and Treasurer, and such other duties as may be delegated by Ordinance by Council. The Village Fiscal Officer shall be appointed by the Mayor, with the approval by Council. The Village Fiscal Officer need not be an elector, nor resident of the Village and such appointment may be a part-time or full-time position with compensation set by Council. The Mayor and Council also are authorized to appoint a person to such position who serves in a similar capacity with another municipality, and to contract for such shared services with such other municipality. The Mayor is authorized to set a probationary period with the appointment of the Village Fiscal Officer for a period not to exceed six months during which in the Mayor's discretion the Village Fiscal Officer may be terminated. The Village Fiscal Officer may be removed after the probationary period without cause by the Mayor with the consent of the majority of Council, or without approval by the Mayor by a vote of five (5) Members or more of Council.