Section 17-1703. Filling of village offices, election of officers

1.  Upon
  the filing of the certificate of incorporation of each such  village  in
  the  office  of the clerk of the town, the town board of such town shall
  constitute the interim board of trustees of the village for all purposes
  and the supervisor of such town shall  be  the  interim  mayor  of  such
  village  for  all purposes until the first election in such village of a
  board of trustees and mayor. Upon the qualification and  filing  of  the
  oath of office by the mayor and trustees elected in accordance herewith,
  the  holding  of the office, ex officio, of mayor or trustee by any town
  officer shall terminate.
    2. A first election of village officers shall be held pursuant to  the
  election law at the same time, date and places, and in substantially the
  same  manner  as the first regularly scheduled election of town officers
  occuring not less than thirty days after such filing of the  certificate
  of incorporation of such village.
    3. At such first election, a mayor and two trustees shall be chosen to
  serve  as  village  officers  for  terms of two years each and two other
  trustees shall be chosen to serve as village officers for terms of  four
  years  each  measured from the first day of January next succeeding such
  election notwithstanding the provisions of subdivision one hereof.
    4. For purposes of electing successors to the village officers elected
  at the first village election as herein provided the terms of office  of
  trustees  shall  be four years and the term of office of the mayor shall
  be two years and such terms of office shall commence on the first day of
  January next succeeding the date of election.
    5. Nothing herein contained shall diminish the power of the  board  of
  trustees  pursuant  to  section  3-302  of  this  chapter  or  any other
  provision of law.