SECTION 3.01 QUALIFICATIONS.
   During the term of office as Mayor of New Lebanon, the Mayor shall not otherwise be an employee of the Municipality.
   The Mayor shall be a qualified elector of the Municipality, and shall have been, immediately prior to the date of filing his declaration of candidacy, a continuous resident of the Municipality or any territory annexed thereto, for one (1) year. During his term of Office, he shall continue to be a resident and qualified elector. If the Mayor shall cease to possess any of the qualifications for such office, he shall forthwith forfeit his office.