At the first Council meeting in January of each year the Council shall:
(A) Designate the depositories of city funds;
(B) Designate the official newspaper;
(C) Choose 1 of the Council members as Acting Mayor, who shall perform the duties of the Mayor during the disability or absence of the Mayor from the city or, in case of a vacancy in the office of Mayor, until a successor has been appointed and qualifies;
(D) Appoint officers and employees and members of Boards, Commissions and Committees as may be necessary; and
(E) Designate the date, time, and place of the regular monthly meeting.
(Prior Code, § 2-33)