Sec. 3. (a) The initial terms of a board of governors are as follows:

(1) One-third (1/3) of the members, as near as may be, shall be appointed for terms of one (1) year.

Terms Used In Indiana Code 16-23-2-3

(2) One-third (1/3) of the members, shall be appointed for terms of two (2) years.

(3) One-third (1/3) of the members, shall be appointed for terms of three (3) years.

     (b) All subsequent terms are for three (3) years.

[Pre-1993 Recodification Citation: 16-12.2-8-1(b) part.]

As added by P.L.2-1993, SEC.6.