Okla. Stat. tit. 2, § 2-15-76: Terms of directors

A. The directors elected at the first election held on the

first Saturday in June, 1937, shall hold office; three for one (1)

year, three for two (2) years, and three for three (3) years, so

that annually thereafter there shall be elected three directors to

serve for a term of three (3) years, and until their successors are

elected and qualified.

B. At the first meeting of the directors on the second Saturday

of June, 1937, the directors shall determine by lot or agreement who

shall serve for the one-year, the two-year and the three-year terms.