5-1-2: CHIEF OF POLICE:
   A.   Office Created: There is hereby created the Office of Chief of Police. The Chief shall be appointed by the Village President and Board of Trustees after having received the recommendation of the Board of Police Commissioners.
   B.   Duties:
      1.   Generally: The Chief of Police shall be responsible for the performance by the Police Department of all of its functions, and all persons who are members of the Department shall serve subject to orders of the President and Board of Trustees.
      2.   Custody Of Stolen Property: The Chief of Police shall be custodian of all lost, abandoned or stolen property in the Village.
      3.   Rules And Regulations: The Chief of Police may make or prescribe such rules and regulations for the conduct and guidance of the members of the Department; such rules, when approved by the Village President and Board of Trustees, shall be binding on such members. (1979 Code § 10-1-2)