830 LAWS OF MARYLAND. [CH. 380
of the Teachers' Retirement Fund of Baltimore County shall

each year in due time prepare a full and detailed statement of
the assets of said Teachers' Retirement Fund and the addi-
tional sum which is required to defray said expenses, to pay
said salaries or to add to the Teachers' Retirement Fund and
send the same to the County Commissioners of Baltimore
County; and the said County Commissioners of Baltimore
County are hereby authorized and empowered, in its discretion,
to appropriate such sum or any part thereof out of any funds
in hand not otherwise appropriated or to levy for same or
any part thereof upon the taxable property of Balti-
more County; and if at any time or times said appro-
priation or levy is made and the money is in hand,
the same shall be paid over to the Board of Trustees of
the Teachers' Retirement Fund of Baltimore County and the
unexpended balance remaining in the Teachers' Retirement
Fund of Baltimore County at the end of each fiscal year shall

be added to the permanent fund in accordance with Section
597 of this Act. Whenever it appears that the interest
derived from the investments of the permanent fund,- to-
gether with one-half of the amount added to the permanent
fund from payments into the fund from teachers' salaries (as
provided by Section 597) will not be sufficient to meet the pay-
ments that may be due retired teachers under this Act during
the succeeding fiscal school year, the treasurer of the Board of
Trustees of the Teachers' Retirement Fund of Baltimore Coun-
ty shall immediately submit a statement of such expected
deficiency, with the causes thereof, to the County Commission-
ers and said County Commissioners shall include in their next
annual levy a sum sufficient to meet said expected deficiency,
and shall pay said sum when collected to the Board of Trus-
tees of the Teachers' Retirement Fund in as equal installments
as may be on the first days of February, May, August and No-
vember of the year for which the levy is made, and the pay-
ments so made to the said Board of Trustees of the Teachers'
Retirement Fund of Baltimore County shall be used and ex-
pended by said Board in paying said retired teachers the
amounts due them under this Act, and for no other purpose.

Third—All money, property of any kind or securities that
may come into the hands of said Board of Trustees of the
Teachers' Retirement Fund of Baltimore County for the pur-
pose of said Teachers' Retirement Fund by gift, grant, devise,
bequest or otherwise.