Trustees shall not receive any salary for their services as Trustees except that by resolution of the board, a fee shall be allowed for attendance at board meetings and committee meetings of the cooperative. In addition, actual expenses of attendance at board or other meetings of the cooperative or in carrying out assignments directly related to the business of the cooperative shall be allowed, including a mileage rate as determined by the board resolution.
The members of the board of Trustees shall be entitled to life insurance and the same fringe benefits paid to the employees; the life insurance and the fringe benefits shall be considered part of the Board fee. No Trustee shall receive compensation for serving the cooperative, in any other capacity nor shall any close relative of a Trustee receive compensation for serving the cooperative, unless the payment and amount of the compensation be specifically authorized by a vote of the members of the service by such Trustee or close relative shall be certified by the Board as an emergency measure.
(August 31, 1965; February19, 1970: February 20, 1975; September 29, 1977; July 15, 1982; March 9, 2006)