(A) The town may adopt an ordinance during the year preceding a municipal election conducted under I.C. 3-10-7-2 (§ 30.48 of this chapter) prescribing the length of the term of office for municipal officers and changing the time municipal elections are held.
(B) The ordinance described in division (A) above must provide all of the following:
(1) The Town Council members, Clerk-Treasurer, or judge elected at the next municipal election not conducted in a general election year serve a term of three years;
(2) The successors of the Town Council members, Clerk-Treasurer, or judge described in subdivision (B)(1) above shall be chosen at the second general election following the municipal election and serve a term of four years; and
(3) The municipal elections for town offices shall be held during a general election.
(C) The town may repeal an ordinance adopted under division (A) above subject to both of the following:
(1) The ordinance may not be repealed earlier than 12 years after the ordinance was adopted; and
(2) The ordinance may be repealed only in a year preceding a municipal election held at the time described in I.C. 3-10-6-5.
(I.C. 3-10-7-2.7) (Prior Code, § 30.55)