(a) There is hereby created the Board of Regents of the Northern Oklahoma College, which shall consist of five (5) members appointed by the Governor, by and with the advice and consent of the Senate. No two members of the Board shall be chosen from the same profession or occupation, nor shall more than three members of the Board be from the same county. Provided that persons now serving on such Board shall be members of and continue to serve on the Board herein created in Position Number 1, Position Number 2, and Position Number 3 as designated by the Governor. Appointments shall be to numbered positions on the Board, and the terms of members of the Board shall be as follows:

(1) Position No. 1. The term of office of one member shall expire on the 30th day of June, 1966, and each five (5) years thereafter.

(2) Position No. 2. The term of office of one member shall expire on the 30th day of June, 1967, and each five (5) years thereafter.

(3) Position No. 3. The term of office of one member shall expire on the 30th day of June, 1968, and each five (5) years thereafter.

(4) Position No. 4. The term of office of one member shall expire on the 30th day of June, 1969, and each five (5) years thereafter.

(5) Position No. 5. The term of office of one member shall expire on the 30th day of June, 1970, and each five (5) years thereafter.

(b) Vacancies on the Board shall be filled by the Governor for the unexpired term, by and with the advice and consent of the Senate.

(c) No member of the Board shall be employed in connection with any work to be performed at Northern Oklahoma College, nor shall any member of the Board enter into any contract or business transaction, involving a financial consideration, with Northern Oklahoma College.

Laws 1965, c. 396, § 702.