33 U.S.C. § 982 : US Code - Section 982: Management of Corporation; appointment of Administrator; terms; vacancy; Advisory Board; establishment; membership; meetings; duties; compensation and expenses

Search 33 U.S.C. § 982 : US Code - Section 982: Management of Corporation; appointment of Administrator; terms; vacancy; Advisory Board; establishment; membership; meetings; duties; compensation and expenses

(a) The management of the corporation shall be vested in an
Administrator who shall be appointed by the President, by and with
the advice and consent of the Senate, for a term of seven years.
Any Administrator appointed to fill a vacancy in that position
prior to the expiration of the term for which his predecessor was
appointed shall be appointed for the remainder of such term.
(b) There is established the Advisory Board of the Saint Lawrence
Seaway Development Corporation which shall be composed of five
members appointed by the President, by and with the advice and
consent of the Senate, not more than three of whom shall belong to
the same political party. The Advisory Board shall meet at the call
of the Administrator, who shall require it to meet not less often
than once each ninety days; shall review the general policies of
the Corporation, including its policies in connection with design
and construction of facilities and the establishment of rules of
measurement for vessels and cargo and rates of charges or tolls;
and shall advise the Administrator with respect thereto. Members of
the Advisory Board shall receive for their services as members
compensation of not to exceed $50 per diem when actually engaged in
the performance of their duties, together with their necessary
traveling expenses while going to and coming from meetings.