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Term of office of Trustees.
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5.—(1) Subject to the provisions of this section in relation to persons appointed to fill casual vacancies every member of the Trustees shall, unless he sooner dies, resigns or becomes disqualified hold his office as such member for the term of ten years reckoned, in the case of the first members, from the establishment of the Trustees and, in the case of every subsequent member, from the expiration of the term of office of his predecessor.
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(2) A member of the Trustees appointed to fill a casual vacancy in the membership of the Trustees shall unless he sooner dies, resigns or becomes disqualified, hold office for the residue of the term for which the member whose death, resignation, or disqualification occasioned the vacancy would have held office if he had not died, resigned or become disqualified.
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(3) A member of the Trustees may at any time resign his office as such member by letter addressed to the Trustees and every such resignation shall take effect at the commencement of the meeting of the Trustees commencing next after the receipt of such resignation by the Trustees.
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(4) A member of the Trustees shall become disqualified for office as such member upon the happening of any of the following events, that is to say:—
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(a) the absence of such member from four consecutive ordinary meetings of the Trustees, or
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(b) the ceasing of such member to have the qualifications required by this Act for membership of the Trustees.
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(5) Every member of the Trustees shall on the cesser of his membership by effluxion of time be eligible for re-appointment.
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