123.—(1) Every curer member and every producer member (other than a person appointed to fill a casual vacancy) shall, unless he sooner dies, resigns, or becomes disqualified, hold office—
(a) in case he was elected or nominated in the year 1935, from the date of the establishment of the Board until the 10th day of January, 1937;
(b) in case he was elected or nominated in any other year, for a period of three years from the 11th day of January in such year.
(2) A curer member or a producer member retiring on the expiration by effluxion of time of his term of office shall be eligible for re-election or re-nomination.