A member of Council shall have been continuously a resident and an elector of the Municipality for one (1) year immediately prior to the date of his/her election or appointment, and each such member shall continue to be a resident and an elector therein throughout his term of office. No member of Council shall hold any other elective public office or any other municipal office or employment except as otherwise provided in this Charter. Except for compensation received as a member of Council, no member of Council shall be interested in the profits, fee or salary of any contract, job, work or service for which monies of the Municipality are expended. Council shall be the sole and final judge of the election and qualification of its members.