5.—(1) The office of a member of the Board shall be vacated if he —
(a)
becomes a bankrupt or suspends payment to, or makes any arrangement or composition with, his creditors; or
(b)
has been absent, without leave of the Board, from 3 consecutive meetings thereof.
(2) The Minister may revoke the appointment of a member of the Board, except that of the Principal of the Polytechnic, if the member becomes in the opinion of the Minister unfit to continue in office or incapable of performing his duties.
(3) A member of the Board, except the Principal of the Polytechnic, may resign from his appointment at any time by giving written notice to the Minister.