The first meeting of the recreation service district must be held within thirty days after the district is organized at a time and place designated by the board of county commissioners. At the meeting, the qualified voters, as defined in section 11-28.2-03, shall elect not less than five qualified voters of the district to serve as members of the board of recreation service district commissioners. Each member elected and qualified shall serve until the first annual meeting of the district. The voters of the district shall assemble and hold an annual meeting during the month of June of each year, at a time and place within the county designated by the board of recreation service district commissioners. In addition to the annual meeting, the board of recreation service district commissioners may call a special meeting of the voters of the district at the time and place the board selects. For any annual or special meeting, the board shall publish notice of the meeting not less than fifteen days before the meeting in the official county newspaper of the county in which the district is located and the notice must be mailed to property owners of the district as recorded in the county treasurer’s office in which the district is located not less than fifteen days before the meeting. No fewer than five qualified voters of the district must be elected to serve on the board of recreation service district commissioners at the annual meeting. Each member elected shall serve a term of three years, until a successor is elected and qualified. The term of each member must be established so that the terms of approximately one-third of the members terminate each year. The members of the board are entitled to receive compensation in an amount of no more than one hundred dollars per meeting of the board, as determined by the board.