8. Section 15 of the principal enactment is hereby amended as follows;"
(1) by the repeal of subsection (1) of that section and the substitution therefor of the following subsection:"
| | " (1) The Board of Directors shall elect from among themselves a Chairman." ; | | |
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(2) in subsection (2) of that section, by the substitution for the words " date of appointment.", of the words " date of election." ; |
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(3) in subsection (3) of that section by the substitution for the words "shall be appointed in his place", of the words " shall be elected in his place " ; |
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(4) in subsection (4) of that section, by the substitution for the words " eligible for reappointment.", of the words "eligible for re-election."; and |
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(5) by the repeal of subsection (5) of that section. |
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