Section 6
SEC. 6. The President of the Philippines shall be the honorary President of the Corporation. Its principal officers shall be a Chairman of the Board, a President, who shall be the Vice-Chairman of the Board, three Vice-Presidents and a Treasurer, all of whom shall be elected by the Members of the Board from among themselves. The principal officers of the Corporation shall be elected for the same term as that of the Members of the Board. The Members of the Board of Supervisors of the Corporation and its principal officers, except the Treasurer, shall serve without compensation. The President of the Corporation shall appoint a secre¬tary and such other officers and employees as may be necessary, subject to the approval of the Board which shall also fix their salaries.