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3.6 Organization And Composition Of The Board There is created a Board with seven (7) members appointed by the Mayor and subject to confirmation by the Common Council. In addition to citizen members appointed at large, organized labor and the business, religious and legal communities shall be represented. Each Board member shall be a resident of the City and shall serve without compensation. The term of office shall be three (3) years, except that for the initial appointees, three (3) persons shall be appointed for one (1) year, three (3) persons for two (2) years and one (1) person for three (3) years. The members of the Board shall select their own Chairperson annually and shall adopt such rules as may be necessary to carry out the duties and responsibilities of the Board under this subchapter. Any rules adopted shall be subject to the approval of the Common Council. The City Attorney shall furnish the Board whatever legal assistance is necessary and proper to carry out its functions. The Board or the City Attorney may request the Common Council to authorize special counsel for the Board. The City Clerk shall furnish whatever staff assistance it requires. All members of the Board shall file statements of economic interest, as herein provided.