A. The Board of Regents of Murray State College shall consist of seven (7) members, including one member who is a resident of Ardmore, Oklahoma, appointed by the Governor, by and with the advice and consent of the Senate. The regular term of each member shall be seven (7) years, except that the initial appointments shall be for lesser terms so that the term of only one member shall expire each year.

B. The Board of Regents of Murray State College shall be a body corporate, and shall adopt and use an official seal. It shall annually elect a chair, a vice-chair, and a secretary, each of whom shall serve for a term of one (1) fiscal year and until his or her successor is elected and qualified, and who shall perform such duties as the Board directs. The Board shall adopt rules and regulations as it deems necessary for the governing of the Board and the discharge of its duties, and shall cause to be kept the minutes of all meetings and transactions considered at each meeting, in a suitable book to be obtained and kept for such purpose. The Board of Regents of Murray State College shall be the governing board of the College and shall have the supervision and management thereof and shall have the same powers and duties as governing boards of other institutions in The Oklahoma State System of Higher Education, and may do all things necessary or convenient to make the College effective for the purpose for which it is operated.