Any trustee appointed to the Authority shall, at the time of the appointment, be a citizen and resident of the State of Oklahoma for at least one (1) year prior to the date of appointment. The Authority shall consist of five (5) members appointed by the Governor with the advice and consent of the Senate. The members shall be removable for cause. The regular term of each member shall be five (5) years.

The trustees shall elect a chairman and secretary and each shall serve until a successor is elected and qualified and shall perform such duties as the trustees direct.

The trustees shall adopt rules and regulations as they deem necessary for the governing of the Authority and the discharge of its duties and may do all things necessary or convenient to make the Authority effective for the purpose for which it is created.

The trustees shall be reimbursed pursuant to the State Travel Reimbursement Act, Section 500.1 et seq. of Title 74 of the Oklahoma Statutes from funds available to the Authority while traveling to and from official meetings of the Authority and for travel on other official business of the Authority.