It shall be the duty of the chairman of the board of directors to keep in repair such
works as are constructed by the district as authorized in this act and to operate
such works, all as directed by said board. The chairman and all persons who may perform any service or labor as provided herein
shall be paid such just and reasonable compensation as may be allowed by the board
of directors and said board shall annually prepare an estimated budget for the coming
year, adjust water rates, if necessary to produce sufficient revenue required by such
budget, shall cause an annual audit of the district's records and accounts to be made,
and shall make a report on said matters at each annual meeting.
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