Sec. 3. (a) The initial terms of a board of governors are as follows: (1) One-third (1/3) of the members, as near as may be, shall be appointed for terms of one (1) year. (2) One-third (1/3) of the members, shall be appointed for terms of two (2) years. (3) One-third (1/3) of the members, shall be appointed for terms of three (3) years. (b) All subsequent terms are for three (3) years. [Pre-1993 Recodification Citation: 16-12.2-8-1(b) part.]
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