Exported Live Stock (Insurance) Act, 1940

Provisions in relation to appointment terms of office, resignation, etc., of members of the Board.

5.—(1) The members of the Board shall be appointed quinquennially by the National Executive, and the first of such appointments shall be made in the year in which the establishment date falls, and in this Act the expression “election year” means any year in which members of the Board are required by this sub-section to be appointed.

(2) The National Executive shall, before the establishment date, appoint eight persons to be members of the Board, and the term of office of every person so appointed shall commence on the establishment date, and if any such person dies before the establishment date he shall, for the purposes of this section, he deemed to have died on the establishment date.

(3) The National Executive shall on a day in each election year (other than the first election year) appoint eight persons to be members of the Board, and the term of office of every person so appointed shall commence on the day next following the date of his appointment.

(4) Every member of the Board appointed under sub-section (2) or sub-section (3) of this section shall, unless he sooner dies, resigns or becomes disqualified, hold office until the day on which the National Executive next appoint, in pursuance of sub-section (3) of this section, eight persons to be members of the Board.

(5) Whenever a person who was a member of the Board dies, resigns or becomes disqualified, the National Executive shall, as soon as conveniently may be, appoint another person to be a member of the Board, and the person so appointed shall, unless he sooner dies, resigns or becomes disqualified, hold office until the day on which the National Executive next appoint, in pursuance of sub-section (3) of this section, eight persons to be members of the Board.

(6) A member of the Board whose period of office expires by effluxion of time shall be eligible for re-appointment.

(7) A member of the Board may at any time resign his office by letter addressed to the Board and such resignation shall take effect at the commencement of the next meeting of the Board held next after the receipt of such letter.

(8) A member of the Board shall be disqualified for holding office if—

(a) he is absent from four consecutive meetings of the Board, or

(b) he ceases to be ordinarily resident in the State, or

(c) he ceases to be engaged in the live stock trade.

(9) Whenever a member of the Board becomes disqualified for holding office, the Board shall forthwith declare his office to be vacant and the vacancy shall be deemed to have occurred on the making of such declaration.