All legislative or policy forming powers of the Village shall be vested in, exercised, and determined by a Council of seven (7) members, one (1) of whom shall serve as President. In all cases where the word “council” is used in this charter, the same shall mean and shall be synonymous with the terms “Commission,” “common council,” “board of aldermen,” “governing body,” “legislative body,” “trustee,” or any other synonymous terms, as the same may be used in any state or Federal law in referring to legislative or governing bodies or [of] villages.