The Mayor shall be elected as hereinafter provided
and shall hold office for a term of four years or until his successor
is elected and qualified (herein referred to as the "Mayor"). The
newly elected Mayor shall take the oath of office on or before the
second Monday following his election.
The Mayor shall have resided in the Town for
at least one year immediately preceding his election and shall be
a registered voter of the Town. The Mayor shall maintain a permanent
residence in the Town during his term of office.
The Mayor shall receive compensation which shall
be determined by an ordinance passed by the Council. The compensation
specified at the time any Mayor takes office shall not be changed
during the term of office for which he was elected.