This summary is not the rule. The rule text controls.
Here's a plain English summary of this rule:
This rule sets up basic leadership for the board. Board members pick one person to be chair and another to be secretary. Both jobs last one year, and the person keeps serving until someone new is elected to take over. The court clerk automatically handles the treasurer duties, so the board doesn't need to elect anyone for that role.
The board must keep an office in Jefferson City. The board also has to meet at least once a year, though members can decide exactly when and where those meetings happen. This gives the board flexibility to schedule meetings as needed, as long as they meet the minimum requirement of one gathering per year.
For someone interacting with the Missouri Bar or judiciary system, this rule mainly explains how the board organizes itself behind the scenes. It doesn't directly affect legal cases, but it shows that the board has consistent leadership and a set location where official business gets handled.