(a) The Board of Pilot Commissioners for the State shall consist of 7 members, residents of the State, appointed by the Governor, for a term of 5 years, composed as follows:
(b) Any vacancy in the Board occurring for any cause other than expiration of term shall be filled by the Governor for the remainder of the term.
(c) The Board shall meet at least once in each quarter of each year and at the call of the President as may be required.
(d) The Board shall elect from among its members a President, Vice-President and Secretary-Treasurer who shall hold office for a term of 2 years. No officer may serve more than 2 successive terms in such office. Before entering upon duties, each member shall be duly sworn to perform faithfully and impartially the duties of the office.
(e) Four members of the Board shall be a quorum.