2.—(1) The first meeting of the authority after their establishment shall be the annual meeting of the Authority for the year 1969 and the first meeting of the Authority after the 31st May in any subsequent year shall be the annual meeting for that year.
(2) In every year after 1969 the Authority shall hold their annual meeting as soon as possible after the 31st May and in any event before the 31st July in that year.
(3) The Authority shall between each annual meeting hold at least three other meetings for the transaction of general business and such other meetings shall be held as nearly as may be at regular intervals.