ART. 4.] CITY OF BALTIMORE. 597

102c. A majority of said board of trustees shall constitute a
quorum for the transaction of all business, and the said board
shall have full power to make and enforce all by-laws, rules
and orders that it may deem necessary or appropriate to carry
out the purposes of this Act, and said board of trustees may
take by gift, grant, devise or bequest, any money, personal
property, real estate or any interest therein, and any such
gift, grant, devise or bequest may be absolute, or upon the
condition that only the rents, profits and income arising from
the same shall be applied to the uses and purposes of the
Teachers' Retirement Fund, hereinafter mentioned, and said
board shall be authorized to take such gift, devise or bequest
under and by the style of the board of trustees of the Teachers'
Retirement Fund of Baltimore City, and to hold the same, or
assign, transfer or sell the same, whenever proper and neces-
sary, under and by such name.

102D. Said board of trustees shall elect from its members a
president, and shall appoint a secretary and a treasurer, both
of which offices may be held by the same person, and the said
board of trustees shall have power to appoint such other
employes as it may from time to time deem necessary to carry
out the purposes of this Act, and the said board shall pay to the
secretary, treasurer and employes such salaries as may be
fixed by the board; provided, that the salaries paid to the
secretary, treasurer and such other employes, and the number
of such other employes 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 addi-
tional compensation 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
Fund, 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
Teachers' 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