(a) An ordinance under § 54.051 that vests management and control of a port improvement or facility in a board must:
(1) specify the board members’ compensation;
(2) specify the members’ terms of office;
(3) specify the members’ powers and duties and the manner of exercising those powers and duties;
(4) provide for the election or appointment of the members’ successors; and
(5) specify any other matter relating to the members’ organization and duties.
(b) If the municipality is operating under a home-rule charter that contains a provision relating to a matter described by Subsection (a), each provision of the ordinance relating to that matter must be in accordance with and is governed by the charter.

(c) On any matter not covered by the ordinance or the municipal charter, the board is governed by the laws and rules governing the governing body of the municipality to the extent applicable.