3.—(1) An appointed Governor appointed after the coming into operation of this Order shall, subject to sub-paragraphs (2) to (5), hold office for a period of 5 years.
(2) An appointed Governor shall—
(a)hold and vacate office in accordance with the terms of his appointment; and
(b)on expiry of his term of office be eligible for re-appointment.
(3) An appointed Governor shall be deemed to have vacated his office and the Governors shall declare his place vacant in the following circumstances—
(a)where he gives to the chairman of the Governors a notice in writing of his resignation and so informs the body which appointed him a Governor;
(b)where he becomes bankrupt or makes a composition with his creditors; or
(c)where he is convicted of an indictable offence and sentenced to a term of imprisonment of not less than 3 months.
(4) Any body entitled to appoint a Governor under paragraph 2(1)(d) or (e) or (2) may remove any Governor so appointed and appoint another Governor in his place.
(5) Where an appointed Governor dies or ceases to hold office, the body which appointed him a Governor may appoint another in his place.
(6) In this paragraph “an appointed Governor” means a member of the Governors appointed under paragraph 2(1)(d) or (e) or (2).