Term of Office

At the first annual meeting the Members shall elect two (2) directors for a term of one (1) year and three (3) directors for a term of two (2) years. At successive annual meetings, the Membership shall alternate between electing three (3) directors and two (2) directors as the expiration of terms shall occur and all such directors shall be elected for a term of two (2) years of until their successors are elected and qualified.