(a) There is hereby established a Board of Park Trustees in accordance with Ohio R.C. 755.19 through 755.37. The Board of Park Trustees shall consist of four resident electors of the Village, who shall be appointed by the Mayor, and who shall serve without compensation for a term of four years. The Park Trustees shall be appointed in the first instance to serve for one, two, three and four years respectively, and thereafter their successors shall be appointed one for each year to serve for the term of four years, but not more than two shall be of the same political party. Vacancy in the Board by death, resignation, or otherwise shall be filled in like manner for the remainder of the term.