Term of Office.
Section 8
SEC. 8. Term of Office. - The members of the Board shall hold office for a term of three (3) years from the date of their appointment until their successors shall have been appointed and duly qualified: Provided, That the first appointees to the Board shall hold office for the following terms: the Chairman for three (3) years; two (2) members for two (2) years; and two (2) members for one (1) year. Vacancies shall be filled only for the unexpired term.