The Mayor shall have been a resident and an elector of the City for at least two (2) years immediately prior to the date of his election and shall continue to be a resident and an elector therein throughout his term of office. He shall not hold any other elective public office. He shall not, directly or indirectly, solicit, contract for, receive or be interested in any profit or emolument from or on account of any contract, job, work or service with or for the City.