(a) Effective on the first day of the next term of office, the Chair of the Madison County Commission shall receive an annual salary of fifty-five thousand dollars ($55,000) and on that date, the annual expense allowance now received by the Chair of the Madison County Commission shall be abolished.
(b) Effective on the first day of the next term of office, the members of the Madison County Commission, other than the chair, shall receive an annual salary of thirty-nine thousand five hundred dollars ($39,500) and on that date, the annual expense allowance now received by the members of the Madison County Commission shall be abolished.
(c) The salaries prescribed herein shall be paid in equal biweekly installments from the county general fund on warrants processed in the usual manner and shall be in lieu of any other annual salaries, salary supplements, and expense allowances heretofore provided by law for the chair and members of the Madison County Commission.