(1) If there was a previously incorporated municipality or if a new charter is adopted as provided in § 6-1-303, the county election commission shall call an election not more than sixty-two (62) days following the election for surrender of this charter, at which time municipal officials for the newly adopted form of government shall be chosen who shall take office immediately after the election.
(2) The previous board shall hold over until the newly elected officers take office.
(3) The qualifying deadline for filing nominating petitions shall be as described in § 2-5-101.
(4) All registered voters of the municipality may vote in the election.