Creation. A Village Plan Commission is hereby established to consist of the Village President, who shall be its presiding officer, a Village Trustee and three citizens, and until such time as the Village has a Village Engineer or Park Board, two additional citizen members, so that the Board has at all times seven members. Citizen members shall be persons of recognized experience and qualifications. They may receive compensation for services on the Commission. The Village Trustee member of the Commission shall be elected by the Village Board upon the creation of the Commission and during each April thereafter. The three citizen members shall be appointed by the Village President, subject to confirmation by the Village Board, upon the creation of the Commission, to hold office for a period ending one, two, and three years, respectively, from the succeeding first day of May; and thereafter, annually during April, one such member shall be appointed for a term of three years. The additional citizen members, if any, shall be appointed by the Village President and confirmed by the Village Board to hold office for a period ending one year from the succeeding first day of May, and thereafter annually during the month of April. Whenever a Park Board is created or a Village Engineer appointed, the president of such board shall succeed to a place on the said Commission or such engineer shall succeed to a place on the said Commission when the term of an additional citizen member shall expire.