(A) All resolutions and motions which create any liability against the Village, or which provide for the expenditure or appropriation of its money, or the sale of any Village property, and all ordinances passed by the Village shall be published as required by law.
(B) All ordinances passed by the Village Board of Trustees shall be deposited with the Village Clerk. If the Village President approves of them, he or she shall sign them. Those of which he or she disapproves shall be returned to the Board, with the President's written objections, at the next regular meeting of the Board occurring not less than five days after their passage. If the President fails to return any ordinance or any specified resolution with his or her written objections within the designated time, it shall become effective despite the absence of his or her signature.
(C) The Village President may disapprove any sums appropriated in any ordinance, resolution or motion making an appropriation and, if so, the remainder shall be effective. However, the President may disapprove entirely an ordinance, resolution or motion making an appropriation.
('73 Code, § 2-128)