§ 4-406 Permits; franchises; filing; duty of clerk. Duplicate
originals of every resolution, certificate or other instrument whereby a
village, or any board or officer thereof, grants a franchise, including
a privilege or consent of any kind, to a public service corporation
shall be executed and deposited with the village clerk; and such
franchise shall not be operative for any purposes until so executed and
deposited. The village clerk, upon receiving the same, shall file one
such duplicate in his office with the records and papers of the village
and shall immediately cause the other to be filed in the office of the
clerk of the county in which the village is situated.