The Commission shall elect a Chair from among its members and a Secretary, who need not be a member of the Commission. Said Chair and Secretary shall serve terms ending on January 31 of the year next following their respective elections. Said Commission shall keep proper minutes and records of its meetings and activities and shall make an annual report to the Town of Easton in a manner required of other agencies, boards and commissions of the Town of Easton. No more than four members of such Commission shall be of the same political party. The members of said Commission shall receive no compensation but may be reimbursed for actual expenses incurred in the performance of their duties.