Section 1-102. Powers of incorporated village The citizens of the state of New York, from time to time inhabitants of the territory comprised within the boundaries of any village heretofore or hereafter incorporated shall continue to be a municipal corporation in perpetuity under its corporate name and the same shall in that name be a body politic and corporate in fact and in law, with power of perpetual succession

The village shall have power:
    1. To take, purchase, hold, lease,  sell  and  convey  such  real  and
  personal property as the purposes of the corporation may require.
    2.  To  take  by  gift,  grant,  bequest  or  devise and hold real and
  personal  estate  absolutely  or  in  trust  for  any  purpose  of   the
  corporation  or  for any public use upon such terms or conditions as may
  be prescribed by the grantor or donor and accepted by  said  corporation
  and to provide for the proper administration of the same.
    3.  To  take unconditionally by gift, grant, bequest or devise for any
  other purpose any real  or  personal  property  or  estate  or  interest
  therein,  to  hold same for only such time as is reasonably necessary to
  sell, convey or to dispose thereof, and to so sell,  convey  or  dispose
  thereof;  notwithstanding that the holding of such property would not be
  for a purpose of the corporation or for a public use.
    4. To make, have and use, and from time to time alter, a common seal.
    5. To contract and be contracted with, to sue and be sued, to complain
  and defend and to institute, prosecute, maintain, defend  and  intervene
  in, any action or proceeding in any court.
    6.  To  have  and exercise all the rights, privileges and jurisdiction
  essential to a proper exercise of its corporate function, including  all
  that  may  be necessarily incident to, or may be fairly implied from the
  powers specifically conferred upon such corporation.
    7. To have and exercise all  the  rights,  privileges,  functions  and
  powers  prescribed and exercised by it under existing or subsequent laws
  and not inconsistent with the provisions of this chapter.