Sec. 7-233p. Representative compensation.
Sec. 7-233p. Representative compensation. A municipal electric energy cooperative may reimburse its representatives for necessary expenses incurred in the discharge
of their duties. The concurrent resolutions creating a municipal electric energy cooperative may provide that the representatives of the municipal electric energy cooperative
may receive annual compensation for their services within limitations to be stated in
such concurrent resolutions and in that event, each representative may receive from
the municipal electric energy cooperative such compensation for his services as the
municipal electric energy cooperative may determine within the limitations stated in
such concurrent resolutions. Said provisions or limitations stated in any such resolutions
may be amended by subsequent concurrent resolutions, but no reduction of any such
limitation shall be effective as to any representative of the municipal electric energy
cooperative then in office except upon the written consent of such representative. No
representative of any municipal authority shall receive any compensation for his services
except as provided in this section.
(P.A. 75-634, S. 16, 24.)