(1) Every member shall hold office for a period of three years from the date of his appointment:
Provided that after the expiry ofthe period of his appointment, a person shall be eligible for reappointment as member.
(2) Every member shall receive such salary and allowances as may be prescribed *<•
(3) The salary and allowances to the member shall be paid from the fund of the Board and such salaries and allowances and other conditions of service shall be such as may be prescribed.
' r7-A * {Chairman, Chief Executive Officer and other members) to hold office during pleasure of Administrator. - Notwithstanding anything contained in section 3 or section 7 or any other provision of this Act the Chairman, Chief Executive Officer and other members of the Board, shall hold office during the pleasure ofthe Administrator]. . . , . « . f i r™. •