At each annual meeting of said Village there shall be elected the following officers: one trustee, a Clerk, Treasurer, Collector, and one auditor. Such elections shall be by ballot if called for, the terms of office of officers elected at the annual meeting shall commence at the time of their election and continue for one year, and until their successors are chosen and qualified, except for the term of office of trustee whose term will be five years and the term of office of auditor whose term will be three years. (Amended 2001, No. M-10 (Adj. Sess.), § 2.)