The record-union., 1897-04-17

manent fund in intereSt-bearing bonds
issued by the Federal, State, county,
city and county, or municipal govern
ments, and to apply the interest there
On as herein directed.
2) The annuity fund.
A. The annuity fund shall consist Of:
Cd The income derived from the per-
manent fund; CID All other moneys
belonging to the public school teach
ers' annuity and retirement fund. not
hereinbefore directed to be placed in the
permanent fund; Gid All money in
the fund provided for in the Act to
which this is amendatory.
B. The annuity fund shall be the
only one from which annuitants shall
be paid
c. If at the end of any fiscal year
there remain any surplus in the an
nuity fund, said surplus shall be de-
posted by the public school teachers
annuity and retirement fund commits
sioners in any savings bank or saw
ings banks designated by them.
Section II. Section seven of said Act
is hereby amended so as to read as
follows, and to be known as section
twelve of said Act, viz:
Section H. This Act shall be bind
ing Q) upon such public school teach
ers, and such other officers of the school
department as possess teachers certifi-
Gates, who, after the passage Of this
Act, shall sign and deliver to the pub
lie school teachers retirement fund
commissioners, and to the Secretary
of the Board of Education of the in
fp6 Cif or a =
ed city and county, or to the Secretary
Of the Board of Trustees of the school
district in which they are employed, a
notice in substantially the following
form:
To the Public School Teachers An
nuity and Retirement Fund Commits
siOnerS of - County (or city and
county,:
You are hereby notified that I agree
to be bound by, and desire to avail
myself of the provisions Of the Act of
the Legislature of the State of Cali
fornia, approved -, 1897, entitled
''An Act to amend an Act approved
March %, 1895, entitledsAn Act to Gre
ate and administer a public school
teachers annuity and retirement fund
in the several counties, and cities and
counties in the State"
Public School Teacher.
And provided, that at least thirty
teachers within the county, or consoli-
dated city and county, have filed the
notice hereinbefore set forth; provided
further, that in all counties, or in con-
solidated cities and counties when
there is a less number of teachers than
thirty, this Act shall be binding on all
those who signify their intention of
being bound thereby.
CD In consolidated cities and counties
it shall be binding upon all teachers
elected or appointed to teach in the
public schools of such consolidated cit
les and counties after the passage of
this Act.
CD Annuities heretofore granted un-
der the provisions of the Act of which
this Act is amendatory shall be con-
tinued for the same amount as here
tofore paid subject, however. to the
conditions imposed by Sections and
II of this Act
Section Is. Section of said Act is
hereby amended SO as to read as fol-
lows, and to be known as Section Is
of this Aet, wiz:
Section 13. All Acts or parts OF
Acts in conflict with the provisions of
this Act are hereby repealed.
Section IA. Section of said Act is
hereby amended so as to read as fol-
lows, and to be known as Section II
of said Act viz:
Section ii. This Act shall take ef-
feet and be in force from and after
its passage