A. The board of directors shall hold regular quarterly meetings in their office on the first Tuesday in January, April, June and October, and such special meetings as are necessary for the transaction of business. Special meetings may be called by the president of the board, or any three directors. Meetings of the board shall be public, and three members constitute a quorum for the transaction of business. On questions requiring a vote, there shall be a concurrence of at least three members of the board.

B. All records of the board shall be open to inspection by any elector during business hours.