47. (1) The President shall not be a member either of the Federal Parliament or of the Legislature of any unit, and if a member of the Federal Parliament or of the Legislature of any unit be elected President, he shall be deemed to have vacated his seat in the Federal Parliament or such Legislature, as the case may be, on the date on which he enters upon his office as President.
(2) The President shall not hold any other office or position of emolument.
(3) The President shall have an official residence and there shall be paid to the President such emoluments and allowances as may be determined by Act of the Federal Parliament and until provision in that behalf is so made, the President shall receive such emoluments and allowances as are specified in the Second Schedule to this Constitution.
(4) The emoluments and allowances of the President shall not be diminished during his term of office.
