The Moderator and the five Prudential Committee members shall be elected at the annual meeting or on the day following. A Moderator shall be elected every year and shall serve a term of one year. The Moderator's term of office shall commence on July 1 following his or her election, and shall terminate at midnight, June 30, following election of a successor. One or more persons shall be elected to the Prudential Committee each year. Effective as of the 1994 annual meeting, one of the two seats scheduled that year for election to the Prudential Committee shall be for a term of two years. Effective as of the 1995 annual meeting, one of the two seats scheduled that year for election to the Prudential Committee shall be for a term of two years. All other newly elected Prudential Committee members shall hold office for three year terms. Prudential committee members shall be elected by Australian ballot on the day following the annual meeting as set forth in Vermont law. All officers, excepting the Moderator, the Clerk-Treasurer, and the Collector of Taxes, shall hold office for terms commencing upon their election and terminating upon the election of their successor. The Clerk-Treasurer and the Collector of Taxes shall each be appointed by the Prudential Committee for a term of one year. The appointment shall be made following elections every year and before July 1st. The Clerk-Treasurer and the Collector of Taxes shall each be appointed for a term commencing July 1 following appointment and terminating at midnight on June 30 following the appointment of a successor.