The cities of Tama and Toledo, Iowa, have been authorized by the voters and the laws of the State of Iowa to build a swimming pool financed jointly by said communities, which swimming pool has been built.

There is hereby established a Swimming Pool Board, which shall consist of three residents of the City of Tama, Iowa, and three residents of the City of Toledo, Iowa, who are to be appointed by their respective Mayors and approved by their respective City Councils. The Board shall meet at least monthly except that during the months of April through September the Board shall meet twice monthly.

The members of the Swimming Pool Board shall serve for staggered terms of three years, commencing on January 1.

The Swimming Pool Board shall have complete managerial authority of the swimming pool and the swimming area.

The Swimming Pool Board shall have the power to make its own rules and regulations and determine the time and place of meetings except as otherwise set forth in this chapter.

The Swimming Pool Board shall meet prior to January 1 in each year and submit in writing to the City Councils of Tama and Toledo a budget, in accordance with the laws of the State of Iowa, which shall be approved by the City Councils, and the tax levy, if any, shall be prorated between the two cities on an established basis of apportionment.