(a) There is hereby created a Racing Commission consisting of three persons. Upon passage of this chapter, the Governor shall appoint, with the advice and consent of the Senate, three members of the Commission, not more than two members of which shall belong to the same political party, and one member to be an official of an agricultural fair, one to hold office until February 1, 1961, one to hold office until February 1, 1963, and one to hold office until February 1, 1965.

(b) The Governor shall biennially, with the advice and consent of the Senate, appoint a person as a member of the Commission for the term of six years, commencing February 1 of the year in which the appointment is made. The Governor biennially shall designate a member of the Commission to be its chair.

(c) Each member of the Commission shall receive $15.00 a day and expenses for time actually spent in the performance of the duties of his or her office. No member of the Commission shall have any pecuniary interest in any racing or in the sale of pari-mutuel pools, nor shall any official employees, secretary, deputy, officer, representative employee, or counsel participate in any pari-mutuel pool. (Added 1959, No. 259, § 2; amended 1963, No. 193, § 30, eff. June 28, 1963.)