D. There is hereby created a board of nine (9) trustees to be appointed by the Governor by and with the consent of the Senate to serve as the administrative agency for the University Center at Ponca City. The board shall be a body corporate and shall adopt and use an official seal. The board so created shall have the authority to submit a budget annually to the Oklahoma State Regents for Higher Education, administer monies budgeted by the State Regents, provide educational facilities, recommend courses and programs to be offered by participating institutions, select a chief executive officer whose duties include the general coordination of approved programs and services and the selection of other appropriate nonteaching personnel. The board of trustees is authorized to expend all monies allocated to the University Center at Ponca City as may be necessary to perform the duties and responsibilities imposed upon the board by this section. For purposes of acquiring and taking title to real and personal property from sources other than state appropriations, the board is authorized to enter into contracts and to adopt rules and regulations pertaining to such actions. The initial nine (9) members shall serve their terms for the period to which originally appointed, in numbered positions having dates of expiration identical to the dates of expiration of the original appointments: Position No. 1. The term of office of one member shall expire on June 30, 2013, and each nine (9) years thereafter;
Position No. 2. The term of office of one member shall expire on June 30, 2014, and each nine (9) years thereafter;
Position No. 3. The term of office of one member shall expire on June 30, 2015, and each nine (9) years thereafter;
Position No. 4. The term of office of one member shall expire on June 30, 2016, and each nine (9) years thereafter;
Position No. 5. The term of office of one member shall expire on June 30, 2017, and each nine (9) years thereafter;
Position No. 6. The term of office of one member shall expire on June 30, 2018, and each nine (9) years thereafter;
Position No. 7. The term of office of one member shall expire on June 30, 2019, and each nine (9) years thereafter;
Position No. 8. The term of office of one member shall expire on June 30, 2020, and each nine (9) years thereafter; and
Position No. 9. The term of office of one member shall expire on June 30, 2021, and each nine (9) years thereafter.
The board shall organize and elect a chair, vice-chair and secretary annually.