Members

   196. President of trust to be elected---(1) At the first meeting of a
 licensing trust after an election of members, the members shall elect
 one of their number to be the president of the trust.

   (2) During the election of a president following the first election of
 members of a licensing trust, the person who acted as returning officer
 for that election shall chair the meeting.

   (3) During the election of a president following the second or any
 subsequent election of members of a licensing trust, the secretary of
 the licensing trust shall chair the meeting.

   (4) If the votes for president at any meeting are tied, the person
 chairing the meeting shall determine the election by lot in the manner
 directed by the licensing trust.

   (5) The president shall come into office on election and shall hold
 office until the election of a successor, but may from time to time be
 re-elected.

   (6) The president may resign by writing delivered to the secretary of
 the licensing trust; and, in any such case or in any case where the
 president ceases from any cause to be a member of the licensing trust,
 the office of president shall become vacant, and the secretary shall
 convene a meeting of the licensing trust for the election of a
 president.