Sorry, but I don’t buy your interpretation, because it would have been totally illogical (and stupid) to pen a stipulation that none of the currently alive colonials were eligible for the presidency of the new republic. There was also a strong bias (well deserved) against anyone with dual allegiances becoming commander in chief because he could never be completely trusted, as we now see with our current regime!
JC
AGAIN, read it EXACTLY as written and that is EXACTLY what it says. AGAIN, commas are everything in the law.
But then again, you aren’t a Justice on the Supreme Court so maybe you can’t figure that out.