All resolutions and motions which create any liability against the village, which provide for the expenditure of its money, or to sell any village property, and all ordinances passed by the Village Board shall be deposited with the Village Clerk. If the Village President approves of them, he or she shall sign them. Those of which the Village President disapproves shall be returned by the President to the Village Board, with his or her written objections, at the next regular meeting of the Village Board occurring not less than five days after their passage. The Village President may disapprove of any one or more sums appropriated by any ordinance, resolution or motion making an appropriation and, if so, the remainder shall be effective. However, the Village President may disapprove entirely of an ordinance, resolution or motion making an appropriation. If the Village 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.
(Prior Code, § 30.40)