(a) The inhabitants residing in the Village are hereby constituted a body, politic and corporate, by the name of the Village of Woodstock; and by that name shall have succession, and may commence, prosecute, and defend suits or actions in all courts whatever; may have a common seal and alter the same; may purchase, hold, and convey real and personal estate for the use of the Village; may tax themselves and levy and collect taxes for the purpose aforethe, or to carry into effect any legal vote or bylaw of the corporation.

(b) Provided, that, no tax shall be assessed, except by vote at a meeting of the inhabitants warned for that purpose.

(c) The inhabitants of the Village shall hereafter have power to assess and collect taxes on the property situated within the limits of the Village, belonging to nonresidents therein, for the same purposes and in the same manner that taxes may now be assessed and collected on the property situated within the limits of the Village, belonging to residents therein.