(1)The Trustees shall consist of six persons who shall, as occasion requires, be appointed by the body known as “The North of Ireland Cattle Traders' and Stock Owners' Association” (in this Act referred to as “the Association”).
(2)Every appointment made by the Association as aforesaid shall be in writing under the hand of the chairman of the Association.
(3)Such member of the Trustees as the Trustees shall from time to time nominate for the purpose shall be the chairman of the Trustees.
(4)The Trustees shall appoint a fit and proper person (not being a member of the Trustees) to be their secretary.
(5)The provisions contained in the First Schedule to this Act shall have effect with respect to the term of office, meetings and procedure of the Trustees.