Subd. 1. Election and terms.

1. (a) The board shall elect from its membership the following officers to serve for a period of one year: chair, vice-chair, secretary, and treasurer. The offices of secretary and treasurer shall be combined unless a resolution is adopted to the contrary by the board prior to the election.
2. (b) The officers shall hold office at the pleasure of the board.

Subd. 2. Compensation.

The board shall set the compensation of the officers.

Subd. 3. Employees.

The board may appoint other officers, agents, and employees who shall perform duties and receive compensation as the board determines and are removable at the pleasure of the board.