as follows:
_First_: The bankers of each district of the respective zones, voting
as prescribed in section four of this Act, shall elect a banker and a
business man as members of said board.
_Second_: The term of office shall be seven years; but the terms of
the members of the first board shall be for one, two, three, four,
five, six and seven years, respectively; that is, the board shall
arrange itself into seven groups, each being composed of one banker and
one business man, and thereupon the seven groups shall determine by lot
how long each group shall serve.
_Third_: The fourteen members of the board of the bankers' council of
the respective zones shall then elect their president, who shall not
be one of the fourteen so selected, but shall be a resident of one of
the districts in their own zone. The term of service of the president
of said board shall be left to the respective boards of the bankers'
council in the several zones.