1052 LAWS OF MARYLAND [ CH. 509

to time by the members of the association with the approval
of the retirement board.

SEC. 5. And be it further enacted, That the administration
of the retirement system hereby established is hereby vested in
a board to be known as the teachers' retirement board, herein
called the retirement board, consisting of six members, as fol-
lows : The State Superintendent of Schools, the State Treas-
urer, the Insurance Commissioner and three members of the
retirement association. Upon the organization of said associa-
tion the members thereof shall elect from among their num-
ber, in a manner to be approved by the State Superintendent
of Schools, the State Treasurer and the Insurance Commis-
sioner, three persons to serve upon the retirement board, one
member to serve for one year and one for two years, and one
for three years; and thereafter the members of the retirement
association shall elect annually from among their number, in
a manner to be approved by the retirement board, one person
to serve on said board for the term of three years.

Until the organization of the retirement association and the
election of three representatives therefrom to membership on
the retirement board, the State Superintendent of Schools, the
State Treasurer, and the Insurance Commissioner shall be em-
powered to perform all the duties of said board.

When a vacancy occurs in the retirement board by reason of
death, resignation, or inability to serve of one of the members
chosen by the retirement association such vacancy shall be
filled for the unexpired term by the election of a new member
of said association, at a meeting duly called for that purpose.

The members of the retirement board shall serve without
compensation, but they shall be reimbursed for all necessary
expenses which they may sustain through their service on the
board. All claims for such reimbursement shall be subject
to the approval of the State Auditor of Accounts.

SEC. 6. And be it further enacted. That the retirement
board shall provide for the payment of retirement allowances
and such other expenditures as are prescribed by this Act, and
shall perform such other functions hereof; and to that end said
Board shall make by-laws and regulations not inconsistent with
the provisions of this Act, shall employ a secretary, whose
duty it shall be to keep a record of all of its proceedings, and
shall provide such other clerical assistance as may be neces-
sary for the discharge of the duties prescribed hereunder.