PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 657
and exclusive control over said fund, and is hereby empowered
to have, demand, receive, hold, invest and reinvest the same
for the promotion of the purposes of said fund, which shall
consist of the following:

First: Assessments upon the salary of every teacher who
shall be employed by School Commissioners at the time of the
passage of this act, and assessments upon the salary of every
teacher who may be appointed after the date of the passage of
this act, as follows: One per centum per annum (but not more
than $10.00) upon the salary of every teacher who shall not
have been engaged in excess of ten years in the public schools of
Allegany county; one and one-half per centum per annum (but
not more than $15.00) upon the salary of every teacher who
shall have been engaged in excess of ten years, but not more than
twenty years, in said public schools; and two per centum per
annum (but not more than $18.00) upon the salary of every
teacher who shall have been engaged longer than twenty years
in said public schools. And the clerk or the assistant secretary
of the Board of School Commissioners shall prepare monthly,
except during August and September, a roll of assessments and
place opposite the name of each and every teacher liable thereto
one-tenth of the amount of the annual assessment payable by
him or her, and shall furnish forthwith a copy of such roll to
the Treasurer of Schools of Allegany county, and the said
Treasurer of Schools of Allegany county shall deduct and retain
out of the monthly salary due to such teacher the amount of
such monthly assessment, and the sum of such monthly assess-
ments shall be immediately paid by the Treasurer of Schools of
Allegany county to the said board of trustees, providing that
no deductions be made before September, 1912.

Second: Sums received from the County Commissioners, as
follows: In case the Board of Trustees shall deem it expedient
to have an additional sum to defray its expenses, to pay the
salaries provided for herein or to add to the Teachers' Retire-
ment Fund, the said board of trustees shall each year in due
time prepare a full and detailed statement of the assets of said
Teachers' Retirement Fund, and the additional sum which is
required to defray said expenses, to pay said salaries or to add
to the Teachers' Retirement Fund, and send the same to the
County Commissioners as other estimates are sent to it in con-
nection with the annual ordinance levy, and the Board of County
Commissioners is hereby authorized, empowered and required
to insert such an appropriation in said levy for said purposes
as it may deem proper, and when said appropriation has been
received the same shall be paid over to the board of trustees,