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4.—(1) The Residuary Body shall consist of not less than 3 and not more then 20 members appointed by the Secretary of State, and the Secretary of State shall appoint one of the members to be chairman and may appoint another member to be deputy chairman.
(2) Subject to the provisions of this article, a member shall hold and vacate office in accordance with the terms of his appointment.
(3) A person who ceases to be a member shall be eligible for reappointment as a member.
(4) A member may resign from office by notice in writing to the Secretary of State.
(5) The Secretary of State may remove a member from office if satisfied he—
(a)is unable or unfit to carry out the functions of a member, or
(b)has not complied with the terms of his appointment.
(5) A person shall cease to be chairman or deputy chairman if he—
(a)resigns as such by notice in writing to the Secretary of State; or
(b)ceases to be a member;
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