BALTIMORE CITY. 953

ter, and the said board shall pay to the secretary, treasurer and employees
such salaries as may be fixed by the board; provided, that the salaries
paid to the secretary, treasurer and such other employees, and the num-
ber of such other employees shall be subjected to the approval of the
Board of Estimates. It shall be the duty of the secretary to keep a true
and accurate account of the proceedings of said Board of Trustees when
acting upon matters relating to said Teachers' Retirement Fund, and he
shall perform such other duties as the Board of Trustees shall direct. The
secretary of the Board of School Commissioners of said city shall act as
assistant secretary of the Board of Trustees with such additional com-
pensation therefor as may be fixed and paid by the Board of Trustees,
with the approval of the Board of Estimates, and it shall be his duty to
keep a true and correct statement of the account of each member with the
Teachers' Retirement Eund, and to render to the Board of Trustees a.
monthly account of his doings. The treasurer of said Board of Trustees
shall receive, hold and keep account of all moneys belonging to the Teach-
ers' Retirement Fund; he shall have the custody of all notes, bonds and
other securities belonging to said Teachers' Retirement Fund, and shall
collect the principal and interest of the same, but before assuming to act
as such treasurer, he shall furnish bond in such penalty and with such
surety or sureties as the Board of Trustees may require, conditioned for
the faithful performance of the duties imposed upon him by this sub-
division of this Charter, or that may be assigned to him by the Board of
Trustees, and for the faithful accounting of all moneys and securities,
including both principal and interest, which may come into his hands
and which belong to the Teachers' Retirement Fund. Said treasurer, upon
the expiration of his term of office, shall account to said board for all
moneys, notes, bonds and other securities coming into his hands, and for
the interest, income, profits, rentals and proceeds of and from the same,
and he shall turn over to his successor all moneys, notes, bonds, and other
securities belonging to said fund. The secretary, assistant secretary and
treasurer shall make a full, true and accurate account of their offices
whenever required so to do by the Board of Trustees.

1908, ch. 78.

102E. No teacher who was such on March 30, 1908, and who shall not,
prior to the taking effect of this Charter, have accepted in writing the
advantages of Act of 1908, Chapter 78, of the General Assembly of Mary-
land, or any amendments thereto (which acceptance, when given, shall be
irrevocable), shall be eligible for election to said Board of Trustees nor
shall he or she have the right to vote for members thereof, and every
such teacher who shall have failed so to accept shall not be entitled to any
benefits or advantages under this subdivision of this Charter, until he or
she shall have first paid into the Teachers' Retirement Fund an amount
equal to the assessments he or she would have paid into said fund had
such acceptance been given on December 31, 1908, together with twenty
per centum of such amount.