Subject to the approval of the qualified voters at an election held on November 5, 2013, incorporates the Village of Lake James, describing the area to be incorporated by metes and bounds. The village is to be governed by a five-member village council and a mayor. Requires that an election for the initial Village council be held at the same time as the election on incorporation. Provides for taxes, budget ordinances, and other ordinances. Includes special provisions regarding extraterritorial jurisdiction, annexation, zoning, public access to Lake James, Federal Energy Regulatory Commission relicensing, greenways and other public areas, alcoholic beverages, and eminent domain.