The officers of the Conner Memorial Commission shall all be members of the Commission, and shall consist of a president, who shall be the member having the shortest term to serve, and a vice-president, secretary and treasurer. The secretary and treasurer may be one and the same person. The vice-president, secretary and treasurer shall be elected by the Commission at its first regular meeting in January of each year, each for the term of one year. (1951 Code Sec. 7.41)