The office of an elected officer of the Municipality shall become vacant upon his or her death, resignation or recall pursuant to Section 2 of Article VIII hereof, or may be declared vacant by resolution of the Council if:
(a) He or she shall not be a registered elector of the Municipality; or
(b) He or she shall not reside in the Municipality, or shall not have resided in the Municipality continuously for a period of one year next preceding his or her election; or
(c) He or she shall hold any other public office to which he or she has been elected by a vote of the people at a general election; or
(d) He or she shall hold any other appointive public office where he or she is in a position to exert material influence or authority in conflict with any lawful interest of this Municipality; or
(e) He or she shall have any material financial interest in any contract to which the Municipality is a party.