What is the procedure for electing a new Master in a Lodge?

In lodge practice, the election of a Master is conducted by ballot among the members, with the names of all eligible brethren read out prior to voting 1. Brethren may indicate whether they wish to stand, though whether a lodge is required to consider every eligible member regardless was historically a matter of local debate 1. In the event of a tie between candidates, the presiding Worshipful Master holds the authority to exercise a casting vote to resolve the election 1. Upon election, the Master elect must publicly signify assent to a summary of ancient charges and regulations before the ceremony of installation can proceed 2.