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President of the Board.
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16.—(1) The Board shall, at their first meeting held after the 1st day of January in each year, elect one of their members to be president of the Board.
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(2) Where the office of president of the Board becomes vacant otherwise than by the termination of the term of office of a president, the Board shall at their next meeting elect one of their members to be president of the Board.
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(3) Every president of the Board shall, unless he sooner dies, resigns the office of president, or ceases to be president under subsection (5) of this section, hold office as president until the next election under subsection (1) of this section.
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(4) The president of the Board may at any time resign his office as president by letter sent by registered post to the Board, and the resignation shall take effect at the commencement of the meeting of the Board held next after the receipt of such letter if the resignation is not withdrawn in writing before such meeting.
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(5) Where the president of the Board ceases during his term of office as president to be a member of the Board, he shall be disqualified from being and shall forthwith cease to be such president.
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(6) Where at an election of the president of the Board there is an equality of votes for two or more persons, it shall be determined by lot which of those persons shall be president of the Board.
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