1. In counties where the board of county commissioners is the board of hospital trustees, the board of hospital trustees may appoint a hospital governing board which shall exercise only the powers and duties delegated to the governing board by the board of hospital trustees. In counties in which the board of hospital trustees appoints a hospital governing board, the governing board is the governing body of the county hospital when exercising powers and duties delegated to the governing board pursuant to this chapter.
2. Members of a hospital governing board must be appointed by a majority vote of the board of hospital trustees and shall serve at the pleasure of the board.
3. Members of the hospital governing board may receive compensation for their services in an amount not to exceed $500 per month.
4. The hospital governing board shall adopt bylaws and related policies and procedures consistent with this chapter and all applicable ordinances.