(a) The Commissioner of Education, the Chairman of the Board of Education, Director of the Office of Management and Budget, President of the University of the Virgin Islands or his designee, three members to be appointed by the President of the Legislature, and four other persons, not more than two of whom shall be employed by the Government of the Virgin Islands or by the Government of the United States, are hereby established a body corporate and politic constituting a public corporation and autonomous governmental instrumentality of the Government of the Virgin Islands, by the name of the “Virgin Islands Public Broadcasting System.” In addition, the Chief Executive Officer shall be a member ex officio of the Board, but shall not be entitled to a vote thereon.
(b) Three of the members shall be appointed by the President of the Legislature. Not more than two such members shall be a resident of the same District. The term of office of each such member shall be two years and each shall be eligible for reappointment. Any person appointed to fill a vacancy occurring prior to the expiration of the term for which a predecessor was appointed shall be appointed only for the remainder of such term. Members appointed by the President of the Legislature may be removed for cause by the President of the Legislature.
(c) The four persons, at least two of whom shall not be employed by the Government of the Virgin Islands or by the Government of the United States, shall be appointed by the Governor with the advice and consent of the Legislature, and two shall be residents of the District of St. Thomas-St. John, and two shall be residents of the District of St. Croix. One of such members shall be from the television or radio industry. In the initial appointment of such persons, one shall be appointed for a term of one year, one for a term of two years, one for a term of three years, and one for a term of four years. Thereafter, such persons shall be appointed for a term of four years, except that any person appointed to fill a vacancy occurring prior to the expiration of the term for which a predecessor was appointed shall be appointed only for the remainder of such term. Such members may be removed for cause by the Governor.
(d) The System hereby established is, and shall be, a governmental instrumentality, subject, as provided herein, to the control of the Board, but it is a corporation having legal existence and personality separate and apart from the Government. The debts, obligations, contracts, notes, debentures, receipts, expenditures, accounts, funds, facilities and property of the System shall be deemed to be those of such System and not to be those of the Government of the Virgin Islands, or any office, bureau, department, agency, commission, municipality, branch, agent, officer or employee thereof.
(e) The System shall be, on the effective date of this chapter, the successor to the Government of the Virgin Islands on all contracts, leases, applications and other instruments entered into by the Government of the Virgin Islands on behalf of the Virgin Islands Public Broadcasting System.