Page:United States Statutes at Large Volume 85.djvu/648

 618

Term,

VacancieSa

PUBLIC LAW 92-181-DEC. 10, 1971

[85 STAT.

teen members, one of whom shall be designated by the Secretary of Agriculture. The remainder of the Board shall be appointed by the President, with the advice and consent of the Senate, one from each farm credit district, to be known as the appointed members. (b) I n making appointments to the Board, the President ^hall have due regard to a fair representation of the public interest, the welfare of all farmers, and the types of institutions constituting the F a r m Credit System, with special consideration to persons who are experienced in cooperative agricultural credit, taking into consideration the lists of nommees proposed by the F a r m Credit System as hereinafter provided. (c) Each appointed member of the Board shall have been a citizen of the United States and shall have been a resident of the district from which he was appointed for not less than ten years next preceding his appointment, and the removal of residence from the district shall operate to terminate his membership on the Board. No person shall be eligible for nomination or appointment if within one year next preceding the commencement of his term he has been a salaried officer or employee of the F a r m Credit Administration or a salaried officer or employee of any institution of the F a r m Credit System. Any person who is a member of a 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 Board. No person who becomes an appointed member of the Board shall be eligible to continue to serve in such capacity if such person is or becomes a member of a district farm credit board, or an officer or employee of the F a r m Credit Administration, or director, officer, or employee of any institution of the F a r m Credit System. No director shall, within one year after the date when he ceases to be a member of the Board, be elected or designated to serve as a salaried officer or employee of any bank, joint officer or employee, or officer or employee of the F a r m Credit Administration. (d) The Secretary of Agriculture shall designate one member of the Board to serve at the pleasure of the Secretary. H e shall be known as the Secretary's representative on the 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 preceding his designation on the Board. No person shall be designated by the Secretary if such person is a member of a farm credit district board, an officer or employee of the F a r m Credit Administration, or an officer or employee of any institution operating under the supervision of the F a r m Credit Administration. The Secretary's representative shall not be eligible to serve as Chairman, Vice Chairman, or Secretary of the Board but shall otherwise possess all the rights and privileges of membership on the Board. (e) The term of office of the appointed members of the Board shall be six years and such members shall serve until their successors are duly appointed and qualified. No appointed member of the Board shall be eligible to serve more than one full term of six years and, in addition, if he is appointed to fill the unexpired portion of one term expiring before his appointment to a full term, he may be eligible thereafter for appointment to fill a full term of six years. All vacancies for the offices of appointed members shall be filled for the unexpired portion of the term upon like nominations and like appointments: Provided, however, That the district board of directors may select a representative to meet with the Board, without the right of vote, prior to the filling of a vacancy occasioned by death, resignation, disability, or declination in the office of member from that district, under rules and regulations prescribed by the Board.

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