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<* -n- {Sonatc 8111 Bo* 16? • Senator l&k«r - Continued) Direc­tors per diem Offleer*1 compen­sation, bow fixed Direc­tors ©at to be Interes­ted in See* 13* file members of the board of director* shall each receive fifteen dollar# per day and actual traveling expeiiee* for each day spent attending meeting* of eald board, or while engaged In official bus in##* trader the order of the board* The board shall fix the compensation to bo paid to the other officer* named In thl* aetf provided, that •aid board shall, upon petition of a majority of the electors within euoh district, submit to the elector* at any general election of said district a schedule of salaries and fees to be paid the directors and officers thereof. Such petition shall be presented to the board twenty days prior to such general election, and & schedule fee submitted upon a two-thirds vote therefor shall be put into effect upon the first of the month next ensuing* dec* 1km So director or any other officer named In this act shall In any manner be In terse ted, directly or indirectly, In any contract awarded by the board, or In the profit* to be derived therefrom! and for any violation of this provision such officer shall be deemed guilty of a misdemeanor, and contractsjupon conviction thereof shall suffer a forfeiture of his offloe, penalty Direc­tors not to In* our in­debted­ness, when 'and he shall be punished by a fine not exceeding five hundred dollars, or by Imprisonment in the oounty jail not to exceed six months or by both such fine and imprisonment, Sec* 15* the board of directors, or other officer* of the district, shall have no power to incur any debt, or liability whatever, either by issuing bond# or otherwise, in excess of the express provision# of this act, and any debt or liability Incurred in excess of such express provisions shall be and remain absolutely wold* Bee* Id* The district is authorised from time to time to negotia­ble re­venue bonds author­ised Forms contracts 0 condi­tions of bonds Issue its negotiable bonds to obtain funds for the accomplish­ment of any of Its corporate purposes, which bonds shall be authorised by resolution of the governing body and shall be payable solely from the income and revenues to be derived from the operation of its works or propsrtlee, as hereinafter provided. These bonds shall not constitute an Indebtedness or pledge of the general credit of the district and shall con­tain a recital to that effect, and such bonds shall be In coupon form, but may be mad* registered# as to principal if so provided In the resolution authorising the issuance thereof* The bonds shall be in the denomination of #100 or & multiple thereof, shell bear Interest at a coupon rate not exceeding six percent per annus, shall mature serially or otherwise in such manner as may be provided by the governing body, but.__ not later than forty able at such place or places within or without the State of Nevada as may be provided by the governing body, and In the discretion of the governing body may be made redeemable at the option of the district prior to maturity at such pre­mium or premiums not greater than one hundred three per­cent of the principal amount thereof as the governing body may determine* The bonds shall be signed by the president - 1 1 -