A. Within ten days after the adoption of the commission-manager form of government, the governing body shall adopt an election resolution calling for the holding of an election for the purpose of electing five commissioners at the first regular or local or general election following adoption of the resolution. The election shall be conducted in the same manner as are regular local elections pursuant to the terms of the Local Election Act [N.M. Stat. Ann. Chapter 1, Article 22]. The commissioners so elected shall determine their terms of office by lot, so that three commissioners shall serve until the next regular local election and two commissioners shall serve until the succeeding regular local election.

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B. Their respective successors shall hold office for staggered periods of four years and until their successors are elected and take office as provided in the Local Election Act.