The annual meeting of said corporation shall be held on the first Tuesday in May of each year at such hour as the notice hereinafter mentioned shall state, in the Town Hall in said Village or at such other time and place as said corporation shall hereafter appoint, of which a notice shall be posted in three public places in said Village at least 10 days previous to said meeting, which notice shall be signed by the Clerk of said corporation, and in case of his or her failure, by the trustees, and for want of such trustees by a majority of the justices of the peace residing in the Village; and whenever five legal voters of said corporation shall so request in writing, the Clerk, and upon his or her neglect or refusal, the trustees, may call a special meeting of said corporation, giving notice of the same in like manner, and specifying in said notice the object of such meeting. At such meeting none but inhabitants qualified by law to vote in Town meetings in said Town, and who have resided for one year within the bounds hereinbefore described and established for such Village, shall be entitled to vote.