SECTION V-2.0 QUALIFICATIONS.
   The Municipal Administrator shall be chosen solely on the basis of his executive and administrative qualifications with reference to his actual experience in, or his knowledge of, accepted practice in respect to the duties of his office as provided herein.
   At the time of his appointment he need not be a resident of the Municipality or State, but after his appointment to his office he shall become a resident of the Municipality within one (1) year.