SECTION 1. Section four of Act Numbered Eighteen hundred and seventy, entitled "An Act for the purpose of founding a university for the Philippine Islands, giving it corporate existence, providing for a board of regents, defining the board's responsibilities and duties, providing higher and professional instruction, and for other purposes," as amended, is hereby further amended so as to read as follows:
"SEC. 4. The government of said University is hereby vested in a board of regents to be known as the 'Board of Regents of the University of the Philippines. The Board of Regents shall be comprised of the Secretary of Public Instruction, who shall be ex officio chairman of the board, the Secretary of the Interior, the chairman of the Committee on Public Instruction of the Senate, the chairman of the Committee on Public Instruction of the House of Representatives, the Director of Education, the President of the University, one member of the University Council of the University of the Philippines elected by said council, an alumnus of the University of the Philippines elected by the alumni of the University under such rules and regulations as may be promulgated by the Board of Regents, and three additional members to be appointed by the Governor-General, by and with the consent of the Senate. The president of the University shall be elected and his compensation shall be fixed by the Board of Regents. The member elected by the University Council and the one elected by the alumni of" the University shall hold office for a term of three years or until their successors are elected or appointed". Beginning with October sixteen, nineteen hundred and nineteen, the members of the Board of Regents appointed by the Governor-General shall hold office for a term of three years: Provided, however, That the regents first appointed after said date shall hold office as follows: One for one year, one for two years and one for three years, the term of office of each to be specified in his appointment by the Governor-General. In case of a vacancy among the members of the Board of Regents appointed by the Governor-General, such vacancy shall be filled by appointment by the Governor-General, by and with the advice and consent of the Philippine Senate, and such appointee shall hold office for the unexpired term. All members of the Board of Regents shall be citizens of the Philippine Islands or of the United States, and shall be residents of the Philippine Islands. Members shall serve without compensation other than actual and necessary traveling expenses incurred either in attendance upon meetings of the Board or upon other official business authorized by resolution of the Board."