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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.
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