Within thirty (30) days after this chapter becomes effective, the President shall appoint the first members of the board. One of the members shall be appointed to serve until the end of the current Municipal fiscal year, another to serve until the end of the Municipal fiscal year next ensuing, and the third to serve until the end of the Municipal fiscal year second next ensuing, but every member shall serve until his successor is appointed and has qualified. (Ord. 82-O-49, 10-11-1982)