(1) Subject to this Part a member shall hold office—
(a) in the case of an appointed member, for such period, not exceeding three years, as may be fixed by the Minister on his appointment;
(b) in the case of an elected member, for a period of two years: Provided that—
(i) of the members first elected, four, who shall be determined by lot, shall hold office for a period of one year;
(ii) on the expiration of his period of office an elected member shall continue to hold office until a successor has been elected or a period of three months has elapsed, whichever is the sooner.
(2) A member shall be paid out of the funds of the Council such remuneration and allowances, if any, as the Council may fix.
(3) A retiring member shall be eligible for appointment, re-appointment, election or re-election as a member.