No money shall be expended by any person for or in behalf of said Village, except the trustees, and no money shall be paid out of the Village treasury except upon orders signed by the trustees or a majority of them. The trustees shall keep a full and true record and account of all orders drawn and expenditures made by them, and the trustees shall also keep a correct account of all Village moneys received and disbursed by them, and all of said officers shall make report thereof at each annual meeting of said Village, or such other time or times as said Village shall direct. And said Village may make all needful bylaws, rules, and regulations in reference thereto, and for the government of said officers. (Added 1892, No. 114, § 45; amended 1933, No. 193, § 2.)