SECTION 7.04.    Park and Recreation Board.
   (A)    There is hereby created a Park and Recreation Board consisting of a member of the Council to be appointed by a majority vote of the Council to serve during his or her current term on Council, and four electors of the Municipality to be appointed by the Mayor subject to the approval of Council by a majority vote of its members for overlapping terms of office of three years, which members shall serve without compensation. The first members appointed by the Mayor shall be appointed so that two serve a three year term and two serve a one year term. Thereafter, each member appointed by the Mayor shall serve a three year term of office.
   (B)    The Park and Recreation Board shall have those powers, duties and functions as provided by this Charter and as provided by the ordinances and resolutions of the Municipality.