Within 30 days after the approval of the petition and report, the county commissioners, county council, or Mayor and City Council of Baltimore City shall call a meeting of the landowners to: elect a board of directors; and determine the compensation for the board of directors. At least 10 days before the meeting, the county commissioners, county council, or Mayor and City Council of Baltimore City shall post a notice of the meeting at four public places in the area or vicinity of the area affected by the watershed association. The notice shall state the time, place, and purpose of the meeting. Each landowner is entitled to one vote in the election of the board of directors. The board of directors elected under subsection (a) of this section shall determine by a random drawing the directors who: serve until the date of the first regular annual meeting; serve until the date of the first regular annual meeting and for 1 year thereafter; or serve until the date of the first regular annual meeting and for 2 years thereafter.