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The Mayor and Members of "The Common Council of the City of Phoenix," in office at the time of the approval of this Charter by the governor, shall continue to hold office and discharge their duties until the election and qualification of the Mayor and Councilmen first elected under this Charter.

The terms of all other officers in office at the time this Charter takes effect and that of all employees of the City at the time this Charter shall take effect, shall cease and terminate when the Council first elected shall by resolution so declare.

The compensation of all such officers and employees remaining in office, after the election and qualification of said Council, and until the adoption of such resolution, shall be paid out of the City Treasury in the manner provided by the Council.