(1) The commission established pursuant to KRS 91A.350(2) by an urban-county government shall be composed of nine (9) members appointed by the mayor of the urban-county government in the following manner:
(a) Three (3) commissioners from a list submitted by the local hotel and motel association.
(b) One (1) commissioner from a list submitted by the local restaurant association or associations.
(c) One (1) commissioner from a list submitted by the local chamber of commerce.
(d) Four (4) commissioners who shall be residents of the urban-county.
(2) Vacancies shall be filled in the same manner that original appointments are made.
(3) The commissioners shall be appointed for terms of three (3) years, provided, that in making the initial appointments, the chief elective official of the urban-county shall appoint three (3) commissioners for a term of three (3) years, three (3) commissioners for a term of two (2) years and three (3) commissioners for a term of one (1) year.
(4) The commission shall elect from its membership a chairman and a treasurer, and may employ such personnel and make such contracts as are necessary to effectively carry out the purpose of KRS 91A.345 to 91A.394. Such contracts may include but shall not be limited to the procurement of promotional services, advertising services and other services and materials relating to the promotion of tourist and convention business; provided, contracts of the type enumerated shall be made only with persons, organizations, and firms with experience and qualifications for providing promotional services and materials, such as event coordinators, advertising firms, chambers of commerce, publishers and printers.
(5) The books of the commission shall be audited as provided in KRS 65A.030. The independent certified public accountant or Auditor of Public Accounts shall make a report to the commission, to the organizations submitting names from which commission members are selected, and to the mayor of the urban-county government.
(6) The commission shall comply with the provisions of KRS 65A.010 to 65A.090.