Appointment and tenure.
Section 17
SEC. 17. Appointment and tenure.—The term of office of the first members of the Board shall expire as designated by the President at the time of nomination; two at the end of the second year; two at the end of the fourth year; and three, including the Chairman, at the end of the sixth year after the approval of this Act. Thereafter, persons appointed to succeed such members shall hold office for a term of six years.