(a) The council shall from time to time set compensation to be received by the mayor and councilpersons for each duly-constituted regular and special meeting of the city council attended by each of said officers as established by ordinance.
(b) A duly-constituted meeting of the city council is hereby defined as any meeting at which there shall be present a quorum. Four (4) members of the council shall constitute a quorum unless a greater number shall be required by applicable statutes of the State of Michigan.
(c) In no case shall such mayor or councilperson receive compensation for any meeting or meetings not actually attended.
(d) Payment of the sums ordained shall be made from the General Fund of the city treasury.