Section 11-50-495 Compensation.
Section 11-50-495
Compensation.
Each member of the board shall receive for his services such compensation as authorized by the governing body of such municipality. The compensation to the members of the board shall be paid in monthly installments from the money received from the operation of the municipal electric distribution system.
(Acts 1939, No. 463, p. 675; Code 1940, T. 18, §65.)