Upon creation of the Commission, its  governing board shall meet at a time and place agreed upon by the boards  of the three counties concerned. The commissioners shall elect a chairman  and officers as they choose.  All officers shall serve one-year terms. The governing board shall adopt rules and regulations as it deems  necessary, not inconsistent with the provisions of this Article or of any  joint resolution, for the proper discharge of its duties and for the  governance of the Commission.  In order to conduct business, a quorum must  be present.  The chairman may adopt those committees as authorized by  those rules and regulations.  The Commission shall meet regularly at times  and places as specified in its rules and regulations or in any joint  resolution.  However, meetings of the Commission must be held in all three  counties on a rotating basis so that an equal number of meetings is held  in each county.  Special meetings may be called as specified in the rules  and regulations.  The provisions of the Open Meetings Law, Article 33C of  Chapter 143 of the N.C. Gen. Stat., shall apply.  (1997-257, s. 5.)