Amends Section 2 of the Town of Bolivia's Charter (as reactivated by SL 1961-366) so that municipal election now take place in even-numbered years. Removes provisions directing those elected officers to take office on the first Tuesday in May next succeeding their election. Removes outdated language. Updates statutory citation governing how the elections should be held and conducted to GS Chapter 163. Specifies that the terms of the mayor and members of the board of aldermen in Bolivia set to expire in 2027 are reduced by one year to expire in 2026. Directs that municipal elections in the Bolivia will be conducted in 2026 and biennially thereafter. Applies to elections held on or after the act becomes law.