Section 11
SEC. 11. Section 16 of the same Act is amended to read as follows: "SEC. 16. Acting Chairman. — In case of vacancy in the position of Chairman and the President has not yet filled the same in accordance with the preceding section, or in the absence or incapacity of the Chairman, the most senior member of the Board in point of length of service as member thereof who meets the qualifications set forth in Section 27 of this Act shall act as Chairman.