§ 4.05 COMPENSATION AND EXPENSES.
   A.   Councilmembers. The Council may determine the salaries of its members by ordinance, but no ordinance adjusting such salaries shall become effective until the date of the commencement of the terms of the members of Council, including the Mayor, elected at the next regular municipal election. Any ordinance adjusting the salaries of Councilmembers, including the Mayor, shall be adopted by June 1st. Such ordinance may set the salaries for Council, including the Mayor, per year of each year of the Councilmembers’ and Mayor’s terms, but no salary adjustment shall exceed three percent (3%) per year.
   B.   Mayor and Chairperson of Council. In addition to their salaries as members of Council, the Mayor and the Chairperson of Council shall each receive an additional five hundred dollars ($500.00) yearly. If the Mayor is elected as Chairperson of Council, he or she shall be entitled to receive an additional one thousand dollars ($1,000.00) yearly in total.
   C.   Expenses. The Council may provide, by ordinance, the methods whereby the members of Council, including the Mayor, may receive their actual and necessary expenses incurred in the performance of their duties of office.