Candidates for Council shall be nominated only by petition. The name of any elector of the municipality who shall have resided in the municipality for one year at the time of the election at which he is candidate shall be printed upon the ballot if there is filed with the election authorities of Hamilton County a petition in accordance with the following requirements, to-wit:
   (a)   Such petition shall state the name and place of residence of each nominee and shall state whether he is a candidate for election at large or for election from a designated district, of which he must be resident.
   (b)   Such petition shall be signed by electors of the municipality equal in number to 4% of the total number of voters voting at the last regular municipal election.
   (c)   Each elector signing a petition shall add to his signature his place of residence with street and number or other designation and may subscribe to one nomination for each of the places to be filled and no more. All signatures shall be made with ink or indelible pencil.
   (d)   A single petition may be filed for the nomination of all members of Council. The signatures of all petitioners need not be appended to one paper, but to each separate paper there shall be attached an affidavit of the circulator thereof stating the number of signers thereto, that each person signed in his presence, and that the signature is that of the person whose name it appears to be.
   (e)   No petition for nomination shall be effective unless it is accompanied by the written acceptance of the nominee. Such petition, with such acceptance, shall be filed with the election authorities prescribed by general law not later than August 15th next previous to the date of the election.