The board shall be domiciled at or near Jackson, Mississippi, and shall hold its first meeting in the office of the State Commissioner of Agriculture and Commerce, within ten days after the members have qualified for office by taking the oath of office as required by the constitution and filing the same in the office of the Secretary of State, for the purpose of organizing the board and adopting such rules and regulations for the future activities hereunder as may be necessary and proper to carry out the terms and provisions of this article.