19-2764. Same; meetings of the board of directors; compensation of directors and assessors; payment.
19-2764
19-2764. Same; meetings of the board of directors;
compensation of
directors and assessors; payment.
(a) Regular meetings of the board of directors shall be held
on the
first Tuesday of each quarter. Special meetings may
be held at any time
when all the directors are voluntarily present or may be called by the
president or any two directors at any time. Each meeting of the board,
whether special or regular, shall be open to the public. Except
as provided in subsection (b), each director
shall receive as compensation for services as such, the sum of $5 per day
while actually and necessarily engaged in the performance of such
director's duties under this act. The assessors provided for by this act
shall receive for
their services each the sum of $5 per day while actually and necessarily
engaged in the performance of such assessor's duty. The
compensation of directors and
assessors shall be paid out of the general fund of the improvement
district authorized by this act.
(b) The board of directors, by adoption of a resolution, may fix the
amount
of compensation to be received by the members of the board. Such resolution
shall be published at least once each week for two consecutive weeks in a
newspaper of general circulation within the improvement district. If the total
amount of compensation to be received annually by each member of the board is
$100 or less, such resolution shall not be required to be published and shall
be effective upon adoption of the resolution. A resolution providing for an
increase in compensation shall not be effective until 30 days following the
date of the last publication of the resolution.
History: L. 1945, ch. 180, § 12;
L. 2006, ch. 147, § 2; July 1.