Section 3: Tenure of office.

(1) Subject to the provisions of this Act, a person appointed to be a member of the Board, not being a public officer or appointed under paragraph (h) of section 2 (1) of this Act, shall hold office for a period of three years from the date of his appointment and shall be eligible for re-appointment.
(2) Any member, not being a public officer, may resign his appointment by a notice in writing under his hand addressed to the Minister.
(3) Members of the Board, not being public officers, shall be paid such remuneration and allowances as the President may determine.