602 LAWS OF MARYLAND.

102M. The board of trustees shall establish a permanent fund
to the credit of which shall be put and deposited all gifts,
grants, devises and bequests, all other receipts for the first two
years during which this Act shall have become operative,
except so much of such receipts as the board of trustees may
require during said two years to defray its expenses, and the
unexpended balance remaining at the end of each fiscal year
thereafter. And no part thereof shall be expended except the
interest and income thereof and therefrom; provided, however,
that one-half of the amount added to such permanent fund
during any year may be used, if necessary, during the year
immediately following.

102N. This Act shall not affect in any way the power of the
Board of School Commissioners to remove teachers from ser-
vice under the laws now in force.

102o. Upon the retirement of any teacher under section 102n,
the person so retired shall be entitled to receive a salary for life
out of the Teachers' Retirement Fund equal to one-half of his
or her average annual salary for the five years immediately
preceding retirement, but no salary of any teacher shall be less
than $360, nor greater than $600 per annum, and the board of
trustees, subject to such reasonable rules or regulations as the
board may adopt, shall pay the salaries to the persons entitled
thereto under this section and sections 102H and 102I.

102p. Any teacher who shall cease to be such before receiving
any benefits from said Teachers' Retirement Fund shall be
entitled to the return of one-half of the amount without inter-
est, which shall have been paid into said Teachers' Retirement
Fund by such teacher; provided, however, should such teacher
thereafter again teach in the public schools of said city, such
teacher shall repay to said Teachers' Retirement Fund the
amount so returned to such teachers, within one year from the
date of his or her return to service in the schools, and upon
such repayment being made he or she shall be entitled to credit
for the length of time of the former service. And should any
teacher die before receiving any of the benefits by this Act pro-
vided, the board of trustees shall pay to such teacher's estate
one-half the amount, without interest, which shall have been
paid into said Teachers' Retirement Fund by said teacher.

102Q. No salary of any kind whatsoever provided for in this
Act shall be payable or paid during the first two years during
which said Act shall become operative; provided further,
should any contributors to said Teachers' Retirement Fund
make application for retirement under the provisions of this
Act during said two years, his or her name shall be placed upon