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2939
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MARVIN MANDEL, Governor
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(I) ONE FOR A TERM OF ONE YEAR FROM
THE BEGINNING OF THE MEMBER'S TERM, AND UNTIL A SUCCESSOR
SHALL QUALIFY;
(II) ONE FOR A TERM OF TWO YEARS FROM
THE BEGINNING OF THE MEMBER'S TERM, AND UNTIL A SUCCESSOR
SHALL QUALIFY;
(III) ONE FOR A TERM OF THREE YEARS FROM
THE BEGINNING OF THE MEMBER'S TERM, AND UNTIL A SUCCESSOR
SHALL QUALIFY;
(IV) ONE FOR A TERM OF FOUR YEARS FROM
THE BEGINNING OF THE MEMBER'S TERM, AND UNTIL A SUCCESSOR
SHALL QUALIFY;
(V) ONE FOR A TERM OF FIVE YEARS FROM
THE BEGINNING OF THE MEMBER'S TERM, AND UNTIL A SUCCESSOR
SHALL QUALIFY.
(3) THE GOVERNOR, WITH THE ADVICE AND
CONSENT OF THE SENATE, AT THE TIME OF MAKING AND
ANNOUNCING THE APPOINTMENT OF COMMISSIONERS, AS WELL AS
IN THE COMMISSION ISSUED BY HIM TO EACH OF THEM, SHALL
DESIGNATE THE LENGTH OF THE TERM FOR WHICH THE
COMMISSIONER IS BEING APPOINTED, ON WHICH BOARD THE
COMMISSIONER WILL SERVE, AND ALSO, WHICH SHALL BE THE
CHAIRMAN OF EACH BOARD.
(4) UPON THE EXPIRATION OF EACH OF SAID
TERMS, THE TERM OF OFFICE OF EACH COMMISSIONER THEREAFTER
APPOINTED SHALL BE FIVE YEARS FROM THE TIME OF HIS
APPOINTMENT AND QUALIFICATION AND UNTIL HIS SUCCESSOR
SHALL QUALIFY. TWO COMMISSIONERS SHALL BE APPOINTED EACH
AND EVERY YEAR TO FILL THE TERMS OF OFFICE THEN EXPIRING.
IN CASE ANY COMMISSIONER SHALL BE ALLOWED TO HOLD OVER
AFTER THE EXPIRATION OF HIS TERM, A SUCCESSOR SHALL BE
APPOINTED FOR THE BALANCE OF THE UNEXPIRED TERM.
VACANCIES IN THE COMMISSION SHALL BE FILLED BY THE
GOVERNOR, WITH THE ADVICE AND CONSENT OF THE SENATE, FOR
THE UNEXPIRED TERM. EACH COMMISSIONER SHALL BE ELIGIBLE
FOR REAPPOINTMENT IN THE DISCRETION OF THE GOVERNOR, WITH
THE ADVICE AND CONSENT OF THE SENATE.
17.
(b) Each licensee licensed under the provisions of
this section shall at its option be permitted to avail
itself of the pari-mutual betting privileges granted in
this section, retaining for its own use 13 1/2% of the
regular mutuel pool and 14 1/2% of the multiple mutuel
pool, if any, of all money wagered not in excess of
$125,000 daily average and 10% of the regular mutuel pool
and 11% of the multiple mutuel pool, if any, of all money
wagered in excess of $125,000 daily average on all races
conducted by it during the year, and shall pay to the
Racing Commission for the use of the State within five
days after the close of the meeting held during the year
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