Mod elections must've been a while ago, because before this I never heard of them.
We should preserve 4-ch because it's a community. Just like when 4chan dies, we lose something we enjoyed.
Shii, if anything, you should be prepared with contingency plans for this sort of thing. If you are having a problem with the mods, then that's hardly our fault, as the buck stops with you. If I actually had anything to offer I would volunteer to mod, but other than being able to do footwork I have nothing.