(A) The members of the Revolving Loan Fund Board who are city officers and serving ex officio shall serve for the term of their respective city offices.
(B) Of the six members of the Board initially appointed by the Mayor, three shall be appointed for a term of one year and three shall be appointed for a term of two years. Thereafter, the members shall be appointed for terms of two years.
(C) All vacancies occurring on the Board shall be filled by appointed for the remainder of the unexpired term of office only in the same manner as for the original appointments.
(Ord. 1095, passed 4-16-91)