Meetings of the Planning Board shall be held at such times as the Board may determine and otherwise at the call of the Chairman or, in his absence, the Vice Chairman. The Chairman or, in his absence, the Vice Chairman may administer oaths and compel the attendance of witnesses. A majority of the members of the Board shall constitute a quorum for the transaction of business. All actions taken by the Board shall be by a majority of the members thereof, constituting a quorum. The Board shall keep minutes of its proceedings, showing the vote of each member on each question, or, if absent or failing to vote, indicating such fact, and shall also keep records of its examinations and other official actions. The Board shall have the power, from time to time, to adopt, amend and repeal rules and regulations, not inconsistent with law or the provisions of this chapter, governing its procedure and the transaction of its business and for the purpose of carrying into effect the standards outlined hereinabove, which rules and regulations or amendments thereto shall become effective upon ratification by the Board of Trustees. Every rule or regulation, every amendment or repeal thereof and every order, requirement, decision or determination of the Board shall be filed with the Secretary of the Board and shall be a public record.