(a) The Board shall consist of 7 trustees.
(b) The trustees shall be appointed by the Governor by and with the consent of a majority of the members elected to the Senate.
(c) Six trustees shall be appointed for terms of 3 years each, commencing, in each case, from the date of appointment. The 6 trustees appointed for a term of 3 years shall reside:
(d) No more than 4 trustees shall be members of the same political party.
(e) Each trustee shall be a citizen of the United States, a qualified voter of this State and a resident of this State for at least 3 years preceding that trustee's appointment.
(f) A trustee shall continue to reside in the political subdivision of which the trustee was a resident at the time of that trustee's appointment.
(g) In case of a vacancy on the Board for any reason other than expiration of the term of office, the Governor shall fill such vacancy for the unexpired term by and with the consent of a majority of the members elected to the Senate.
(h) No member of the Board shall receive any compensation for that member's duties except that the member may receive actual travel expenses.
(i) Four members of the Board shall constitute a quorum. A majority of the members present at any meeting and constituting a quorum shall be sufficient for any action by the Board.