The Mayor shall be the chief executive officer of the town, who shall be a qualified voter in the town and shall be elected by the qualified voters of the town in the manner provided by law from the town at large. The Mayor in office at the time of the adoption of this Charter shall continue in office until the expiration of the term for which he was elected or until his successor is elected and qualified. An election for Mayor shall be held on the first Tuesday in May 1994. Elections for Mayor shall be held on the first Tuesday in May every four (4) years thereafter. The Mayor shall serve for a term of four (4) years or until his successor is elected and qualified. The term of a person elected under this section shall begin on July 1 next following his election.