1-9-7: REPORT TO THE BOARD OF TRUSTEES:
   The Village Manager will periodically throughout his discussions with the Wage and Benefit Committee relating to wages and benefits review the status of said discussions with the President and Board of Trustees.
   Once discussions are completed between the Village Manager and the occupational categories, the Village Manager shall be authorized to sign agreements with each occupational category.
   Agreements ratified by the corporate authorities, shall be binding upon the Village and the employees as to benefit and wage terms contained therein and for the time period specified therein, unless modified in writing by both parties to the said agreement.