Section 5.04.  Qualifications.
   Each elected officer of the municipality shall be an elector of the municipality and shall have resided therein or in a territory annexed thereto for a period of at least two (2) years immediately prior to nomination for such office and shall continue to reside therein during his/her term.
   Each Councilperson elected to represent a ward shall be a continuous resident and qualified elector of the ward  he/she represents, or territory annexed thereto, during his/her term of office.
   The Mayor and members of Council shall hold no other elective public office.  They shall not be otherwise employed by, nor shall they hold any other office in, this municipality, except as provided by the Charter.