SECTION IV-2. Qualifications.
   The Mayor shall have been a resident and a qualified elector of the Municipality for at least two (2) continuous years immediately preceding his or her election and shall continue to be a resident and qualified elector of the Municipality throughout the term of office. The Mayor shall not hold any other elected public office, but may hold other public employment outside the Municipality unless otherwise prohibited by this Charter.
   If the Mayor shall cease to possess any of the qualifications herein enumerated, the office shall be forfeited, but failure to maintain said qualifications shall not render void or ineffective any action in which the Mayor has participated.