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4.—(1) Subject to paragraph 5 of this Schedule, on a casual vacancy occurring in the office of Chairman or Vice Chairman the vacancy shall be filled by the appointment by the Authority of one of their members at a meeting to be held as soon as practicable after the vacancy occurs. Where the office so becoming vacant is that of Chairman, such a meeting may be convened by the Secretary of the Authority.
(2) A person appointed under this paragraph to fill a vacancy shall hold office for the period for which the person in whose place he is appointed would have held office and shall then vacate his office but shall be eligible for re-appointment.
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