40. (1) The municipal corporation shall pay to the mayor, as remuneration for all his services in every capacity to the municipal corporation, a minimum annual sum computed according to the population of the municipality at the rate of an amount per inhabitant, not less than $0.40, determined from time to time by the Minister. Nevertheless, the mayor shall in no case so receive an annual sum of less than the amount, not less than $400, determined by the Minister.
(2) The municipal corporation shall pay for the same purposes to each councillor a minimum annual sum computed according to the population of the municipality at the rate of an amount per inhabitant, not less than $0.20, determined from time to time by the Minister. Nevertheless, a councillor shall in no case so receive an annual sum of less than the amount, not less than $200, determined by the Minister.
(3) The council shall determine by resolution the terms of payment of such sums.
(4) The council may also authorize the payment of the expenses actually incurred by a member of the council on behalf of the municipal corporation, provided that they have been authorized by resolution of the council.
(5) No other remuneration, allowance or benefit shall be paid to a mayor or councillor unless it has been authorized by a by-law passed by the vote of two-thirds of the members of the council and submitted for approval to the electors. Approval by the Government, the Minister or the Commission municipale du Québec shall not be required.