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1(1)Subject to the following provisions of this paragraph, a member of the Authority shall hold and vacate office in accordance with the terms of his appointment.
(2)Any appointment of a person as a member of the Authority shall be for a term not exceeding five years, but a person who ceases to be such a member at the end of any such term shall be eligible for re-appointment.
(3)A member of the Authority may at any time by notice to the Secretary of State resign his office.
(4)The Secretary of State may remove a member of the Authority if he is satisfied—
(a)that that member has been absent from meetings of the Authority for a period of more than three consecutive months without the permission of the Authority;
(b)that that member has been adjudged bankrupt, that his estate has been sequestrated or that he has made a composition or arrangement with, or granted a trust deed for, his creditors; or
(c)that that member is unable or unfit to carry out the functions of a member.
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