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Session Laws, 1922
Volume 563, Page 831   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 829
of Baltimore County. of the Edition of 1916. sub-title

"Schools," relating to the payments to be made to the Board
of Trustees of the Teachers' Retirement Fund of Baltimore
County and the expenditure of said fund.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 591 and Section 597 of Offutt's Code of
Public Local Laws of Baltimore County, of the Edition of
1916, sub-title "Schools,'' be and the same are hereby repealed
and re-enacted so as to read as follows:

Section 591. All money, property of any kind or securities
that may come into the hands of the said Board of Trustees of
the Teachers' Retirement Fund of Baltimore County under the
provisions of this Act or any amendments thereto shall be
known as the Teachers' Retirement Fund, and the said Board
of Trustees of the Teachers' Retirement Fund of Baltimore
County is hereby clothed with full and complete power 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—Assessment at the rate of two per centum per annum
upon the salary of each and every teacher liable therefor; and
the assistant county superintendent of public education of Bal-
timore County shall prepare (excepting the months of August
and September) a monthly roll of assessments and place op-
posite 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 the County Board of Education of Baltimore Coun-

ty, and the treasurer shall deduct and retain out of the said
monthly salary due to such teacher one-tenth of the amount of

such annual assessment payable by him or her, and the aggre-
gate sum of such monthly assessments (excepting the months
of August and September) shall be immediately paid by the
said treasurer to the said Board of Trustees of the Teachers'
Retirement Fund of Baltimore County.

Second—Sums received from the County Commissioners of
Baltimore County as follows: In case of the Board of Trust-
tees of the Teachers' Retirement Fund of Baltimore County
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' Retirement Fund, the said Board of Trustees


 

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Session Laws, 1922
Volume 563, Page 831   View pdf image (33K)
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