SECTION IV-2. QUALIFICATIONS.
   The Mayor shall have been a resident and a qualified elector of the municipality for at least five continuous years prior to his election and shall continue to be a resident of the municipality throughout his term of office. He shall not hold any other public office except that of a Notary Public or member of the State Militia or Reserve Corps of the United States, unless otherwise provided in this Charter or by ordinance enacted thereunder. No person shall be eligible to serve more than two consecutive terms as Mayor.
   If he shall cease to possess or if he violates any of the qualifications herein enumerated, he may be removed from office, but failure to maintain said qualifications shall not render void or ineffective any action in which he participated.