1.  If the board of county commissioners determines that the best interests of an unincorporated town would be served by adoption of a town board form of government it shall establish a town board for the town by appointing five persons who are residents and qualified electors in the town to serve as members of the town board until successors can be elected at the next general election.

2.  At the next general election five persons who are residents and qualified electors in the town must be elected by the registered voters of the town to serve as members of the town board.