12-1422.   Same; term of office; removal; vacancies.Said directors shall hold office, two for one year, two for two yearsand three for three years from the first day of February following theirappointment, and annually thereafter the mayor shall, on or before thefirst day of February of each year, appoint directors to take the place ofthe retiring directors, who shall hold office for a term of three years anduntil their successors are appointed. The mayor may, by and with theconsent of the governing body, remove any director for misconduct orneglect of duty. Vacancies in the board of directors occasioned by removal,resignation or otherwise, shall be filled in like manner as originalappointments for unexpired terms.

      History:   L. 1927, ch. 107, § 3; June 1.