In any township having a township water system each member of the township board shall receive compensation for their services as such officers in the supervision of the operation of such water system.

The amount of such compensation shall be determined by the township board as provided by Kan. Stat. Ann. § 80-207, and amendments thereto, shall be payable out of the operating receipts of such water system. If extensions have been made to such water system, whose revenues are maintained in a separate fund, such compensation shall be prorated between the original system and such extension in proportion to the gross annual receipts of such original system and extension for the preceding year.