§ 31.04  PRESIDENT AND TOWN EXECUTIVE; VICE-PRESIDENT.
   (A)   The Town Council shall select one of its members to be its President for a definite term, which may not exceed his or her term of office as a member of the Town Council and which will continue until a successor is selected and qualified.
(I.C. 36-5-2-7)
   (B)   The Town Council shall also select one of its members to serve as Vice-President for a definite term, which may not exceed his or her term of office as a member of the Town Council. The Vice-President shall perform those duties outlined in § 31.37 whenever the President shall be temporarily absent.
   (C)   The Town Council shall select a President and Vice-President pursuant to this section at its first regular or special meeting in January each year. Should a vacancy occur in either office during the term, the Town Council shall select from its membership a replacement who shall serve for the balance of the unexpired term of the vacated office.
   (D)   If there is no duly selected presiding officer at a meeting described in this section, the Clerk- Treasurer shall preside, call the roll, determine a quorum and chair the meeting until such time as the Town Council shall elect a President from its membership, which shall be the first business in order.
   (E)   The Clerk-Treasurer shall prepare and subscribe to a certificate for each duly elected officer of the Town Council indicating the office selected and the date of such selection. No additional oath shall be required to qualify for either the office of the President or of the Vice-President.
   (F)   The President of the Town Council selected pursuant to I.C. 36-5-2-7 and this section is the town executive.
   (G)   Powers of the town executive.
      (1)   In addition to any powers or duties conferred upon the municipal executive under state law and this code, the town executive may revoke or suspend any license issued by the town if the person holding the license has violated the terms or conditions of the license or of the law under which it was issued.
      (2)   The town executive must have the approval of a majority of the Town Council before the executive may discharge, reduce in grade under I.C. 36-8-3-4, or remove a town employee.