16 U.S.C. § 792 : US Code - Section 792: Federal Power Commission; creation; number; appointment; term; qualifications; vacancies; quorum; chairman; salary; place of holding sessions

Search 16 U.S.C. § 792 : US Code - Section 792: Federal Power Commission; creation; number; appointment; term; qualifications; vacancies; quorum; chairman; salary; place of holding sessions

A commission is created and established to be known as the
Federal Power Commission (hereinafter referred to as the
"commission") which shall be composed of five commissioners who
shall be appointed by the President, by and with the advice and
consent of the Senate, one of whom shall be designated by the
President as chairman and shall be the principal executive officer
of the commission. Each chairman, when so designated, shall act as
such until the expiration of his term of office.
The commissioners first appointed under this section, as amended,
shall continue in office for terms of one, two, three, four, and
five years, respectively, from June 23, 1930, the term of each to
be designated by the President at the time of nomination. Their
successors shall be appointed each for a term of five years from
the date of the expiration of the term for which his predecessor
was appointed and until his successor is appointed and has
qualified, except that he shall not so continue to serve beyond the
expiration of the next session of Congress subsequent to the
expiration of said fixed term of office, and except that any person
appointed to fill a vacancy occurring prior to the expiration of
the term for which his predecessor was appointed shall be appointed
only for the unexpired term. Not more than three of the
commissioners shall be appointed from the same political party. No
person in the employ of or holding any official relation to any
licensee or to any person, firm, association, or corporation
engaged in the generation, transmission, distribution, or sale of
power, or owning stock or bonds thereof, or who is in any manner
pecuniarily interested therein, shall enter upon the duties of or
hold the office of commissioners. Said commissioners shall not
engage in any other business, vocation, or employment. No vacancy
in the commission shall impair the right of the remaining
commissioners to exercise all the powers of the commission. Three
members of the commission shall constitute a quorum for the
transaction of business, and the commission shall have an official
seal of which judicial notice shall be taken. The commission shall
annually elect a vice chairman to act in case of the absence or
disability of the chairman or in case of a vacancy in the office of
chairman.
Each commissioner shall receive necessary traveling and
subsistence expenses, or per diem allowance in lieu thereof, within
the limitation prescribed by law, while away from the seat of
government upon official business.
The principal office of the commission shall be in the District
of Columbia, where its general sessions shall be held; but whenever
the convenience of the public or of the parties may be promoted or
delay or expense prevented thereby, the commission may hold special
sessions in any part of the United States.