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Session Laws, 1963
Volume 671, Page 1376   View pdf image (33K)
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1376                            LAWS OF MARYLAND                      [CH. 641

of County Commissioners of Howard County may enjoin such
transfer or lease or sale or agreement by action for injunction
brought in any court of equity jurisdiction or may recover the said
penalty by civil action in any court of competent jurisdiction, or
both. In addition to the foregoing the County Commissioners may
institute and maintain a civil action to set aside and invalidate any
conveyance made in violation of this section.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved April 30, 1963.

CHAPTER 641
(House Bill 847)

AN ACT to add new Section 28 to Article 73B of the Annotated Code
of Maryland (1957 Edition and 1962 Supplement), title "Pensions,"
subtitle "Employees of Municipal Corporations," to follow im-
mediately after Section 27 thereof, to authorize municipal corpora-
tions to withdraw and transfer their officers and employees WHO
CONSENT THERETO from the State Employees Retirement
System to a local retirement system and relating generally to such
withdrawal and transfer.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 28 be and it is hereby added to Article 73B of the
Annotated Code of Maryland (1957 Edition and 1962 Supplement),
title "Pensions," subtitle "Employees of Municipal Corporations," to
follow immediately after Section 27 thereof, and to read as follows:

28.

The legislative body of any municipal corporation whose officers
and employees are members of the Employees Retirement System may
elect to withdraw its officers and employees
WHO CONSENT TO
SUCH WITHDRAWAL from the Employees Retirement System and
to transfer the
SAID officers and employees to a local retirement
system established by the municipal corporation. The withdrawal
and transferral shall become effective upon such date as shall be set
by the legislative body of the municipal corporation after it has
notified the Board of Trustees of the Employees Retirement System
of the withdrawal. As of this effective date the amount of the accumu-
lated contributions of the
WITHDRAWING officers and employees
of the municipal corporation shall be transferred to the administra-
tive board of the local retirement system and credited to the account
of the
SAID officers or employees. The amount of reserve in the
Employees Retirement System as a result of the previous contribu-
tions of the municipal corporation shall be determined for each
WITHDRAWING officer and employee on the effective date of trans-
fer and such amount shall be transferred to the administrative board
of the local retirement system. The aggregate amount of the
SAID
contributions on the effective date shall be paid to the administrative
board of the local retirement system to be held in trust to provide


 

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Session Laws, 1963
Volume 671, Page 1376   View pdf image (33K)
 Jump to  
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