
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC3934]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 49--NATIONAL HOUSING PARTNERSHIPS
 
Sec. 3934. Board of Directors; membership; appointment; term

    The corporation shall have a board of directors (hereinafter in this 
section referred to as the ``board''), consisting of fifteen members. 
Three members of the board shall be appointed by the President of the 
United States, by and with the advice and consent of the Senate, 
effective on the date on which the other members are elected, and for 
terms of three years or until their successors have been appointed and 
have qualified, except that the first three members of the board so 
appointed shall continue in office for terms of one, two, and three 
years, respectively, and any member so appointed to fill a vacancy shall 
be appointed only for the unexpired term of the director whom he 
succeeds. Twelve members of the board shall be elected by the 
stockholders.

(Pub. L. 90-448, title IX, Sec. 904, Aug. 1, 1968, 82 Stat. 547.)
