(1) The board shall meet at least once each year at such times and places as it may decide upon and remain in session sufficiently long to examine all who may make application at the appointed time for a license.
(2) Four (4) members of the board shall constitute a quorum for the transaction of business and examination of candidates for license. A majority of those present shall be necessary to reject any application, but such rejection shall not bar the applicant from reexamination at the next regular meeting of the board.