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(2) The chairman of the Authority shall, unless he sooner dies, resigns the office of chairman or ceases to be chairman under subsection (4) of this section, hold office until the expiration of his period of office as a member of the Authority.
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(3) The chairman of the Authority may at any time resign his office as chairman by letter sent to the Government, and the resignation shall, unless it is previously withdrawn in writing, take effect at the commencement of the meeting of the Authority held next after the Authority has been informed by the Government of the resignation.
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