16. The term of office of the directors elected at the first election held under section 10 shall be established as follows :(1) of the five directors elected under subparagraph 1 of the first paragraph of section 10, the three who receive the greatest number of votes shall serve for four years, and the remaining two shall serve for two years ;
(2) of the four directors elected under subparagraph 2 of the first paragraph of section 10, the two who receive the greatest number of votes shall serve for four years, and the remaining two shall serve for two years.