No person shall be a member of the Board of Municipal Utilities unless he shall have been a resident of and a qualified elector of the Municipality continuously for two (2) years immediately prior to his election or appointment. No person shall serve as a member of the Board unless he shall continue to be a resident of the Municipality throughout his term of office. No member of the Board shall hold any other public office with the Municipality or employment with the Municipality. No member of the Board shall be interested in the profits or emoluments of any contract, job, work or service for which the moneys of the Municipality are being expended.
Any member of the Board who shall cease to possess, or violates any of the qualifications herein enumerated shall forfeit his office; but failure of any member of the Board to maintain said qualifications shall not render void or ineffective any action of the Board in which such member has participated.
(Amended 6-8-76)