The Mayor of the Village shall be elected for a term of four years, commencing on the first day of January next after his/her election. He/She shall have resided in the Village for at least one-year preceding said election and be an elector of the Village and shall remain an elector throughout the term of office. Such Mayor shall be the chief conservator of the peace therein and shall have the powers and duties provided by law. He/She shall be the President of the Council and shall preside at all regular and special meetings thereof, but shall have no vote except in case of a tie.