Page:United States Statutes at Large Volume 67.djvu/427

 67

STAT.]

PUBLIC LAW

202-AUG.

6, 1953

391

district shall designate one nominee, in accordance with the procedure 50 Stat. 705. prescribed in sections 5(e) and 5 (f) of the Farm Credit Act of 1937 12 USC 640 e, for the nomination and election of members of a district farm credit ^^^^' board, except that only the two persons receiving the highest number of votes shall be included in the list of nominees prepared as a result of the voting under the procedure prescribed in said section 5(e): Provided, That the names of all those who are tied for second place as a result of said voting shall b'te included in the list; and in case of a tie in the voting under the procedure prescribed in said section 5(f) the procedure prescribed therein shall be followed again until the tie is broken: A nd provided further, That if the same person would otherwise be on the list of nominees of more than one of said groups as a result of the voting under said section 5(e) he may choose the one list on which his name shall appear, and otherwise his name shall appear only on the list of the two highest nominees of the group which gave him the highest percentage of its votes. Subsequent appointments shall be made after receiving and considering nominations made in like manner. (b) Each appointed member of said Board shall be a citizen of the United States and shall have been a resident of the farm credit district terms.^^tc. ^ ^ ^' from which appointed for not less than ten years next preceding his appointment, and the removal of residence from the district during his tenure shall operate as a termination of his membersiiip on said Board. No appointed member of said Board shall be eligible to serve for more than one full term of six years, and, in addition, a term of less than six years if he is one of the first members to be appointed, or is appointed to fill, the unexpired portion of one term expiring before his appointment to a full term. No person shall be eligible for nomination or appointment to membership as an appointed member on said Board if such person has within one year next preceding the commencement of the term been a salaried officer or employee of the Farm Credit Administration, or a salaried officer or employee of any corporation operating under the supervision of the Farm Credit Administration. Any person who is a member of the district farm credit board when appointed as a member of the Federal F a r m Credit Board shall resign as a member of the district board before assuming his duties as a member of the Federal F a r m Credit Board. No person who becomes an appointed member of said Board shall be eligible to continue to serve as a member thereof if such person becomes a member of any district farm credit board, or an officer or employee of the Farm Credit Administration, or an officer or employee of any corporation operating under the supervision of the F a r m Credit Administration. (c) The term of office of the appointed members of said Board shall be six years, beginning with the first day of the calendar month in which this Act takes effect, and such members shall serve until their successors are duly appointed and qualified; however, of the first appointed members appointed hereunder, two shall be appointed for a term of one year from said date, two for a term of two years, two for a term of three years, two for a term of four years, two for a term of five years, and two for a term of six years. AH vacancies in the offices of appointed members on said Board shall be filled for the unexpired portion of the term upon like nominations and by like appointments as herein provided for the appointment of the first such members of said Board. (d) The thirteenth member of the Board shall be designated by the Secretary of Agriculture, shall serve at the pleasure of the Secretary, and shall be known as the Secretary's Representative on said Board. He shall be a citizen of the United States and shall have been a resident of the United States for not less than ten years next preceding his designation to membership on said Board, l^o person shall be eligible
 * °,^'^ members.

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