Amendment status not verified — confirm the current text below against the official source.
(1) The term of office of President or Vice-President shall be five years or the residue of the term of his office as a member, whichever is less. (2) An outgoing President and Vice-President shall if otherwise qualified, be eligible for re-election. (3) The President and Vice-President shall be entitled to the payment of such honorarium and allowances for attendance at meeting of the municipality and its committee at such rate as may be prescribed by the Government from time to time.