(1) No less than forty-six (46) days nor more than sixty (60) days after the adoption of a consolidation resolution by the governing bodies of a county and of its principal city, which resolution providing for an election of the members of a metropolitan government charter commission, it shall be the duty of the county election commission to hold a special election to elect members of the charter commission.
(2) The cost of the election shall be paid out of county funds.
(3) The ten (10) candidates receiving the highest total vote in the election shall be elected as members of the metropolitan government charter commission.
(4) Any qualified voter of the county shall be eligible for election as a member of the charter commission.
(5) The deadline for filing nominating petitions for candidates for the charter commission is twelve o'clock (12:00) noon of the fortieth day before the election.