Immediately following their appointment, the members of the planning commission shall meet, organize, elect such officers as it may deem necessary, and adopt and later change or alter rules and regulations of organization and procedure consistent with village ordinances and state laws. The commission shall keep written records of its proceedings, which shall be open at all times to public inspection. The commission shall also file an annual report with the president and board of trustees setting forth its transactions and recommendations. (Ord. 91, 10-1-1963)