The powers delegated by the Governing Body of the City of Olathe to the housing authority of the City of Olathe, Kansas, from time to time, shall be by ordinance, and such powers shall vest in the commissioners thereof in office from time to time. Three commissioners shall constitute a quorum of such authority for the purpose of conducting its business and exercising its powers and for all other purposes, notwithstanding the existence of any vacancies. Action may be taken by the authority upon a vote of a majority of the commissioners present, unless in any case the by-laws of the authority shall require a larger number. Meetings of the commissioners of an authority may be held anywhere within the perimeter boundaries of the area of operation of the authority or within any additional area where the authority is authorized to undertake a project. Appointments may be made of any persons as commissioners of the authority who reside within its boundaries or area, and who are otherwise eligible for such appointment. The commissioners of the authority shall elect a chairman and vice chairman from among the commissioners. (Ord. 102-C § 1 (part), 1968; Ord. 43-C § 4, 1967.)