Relating to authorizing and requiring the Board of Trustees of the Public Free Schools of the City of Galveston to set aside and appropriate the fund of Fifty Thousand Dollars ($50,000) represented by the Guaranty Building and Loan Company Certificates heretofore donated to said Board of Trustees by Mrs. I. Lovenberg, on the 13th day of October, 1931, for the purpose of providing, establishing and maintaining a retirement fund, as well as any other fund or property hereafter specifically given or donated to said Board of Trustees therefor, the income from which shall be used for the payment of pensions or retirement benefits to the present and future Superintendents, Principals, Supervisors, Teachers, and other regularly salaried employees of said schools, under such rules and regulations as may be prescribed therefor.
Author: Fine G. Bedford
Session Law Chapter: Acts 1933, 43rd R.S., p.39,ch. 32, Special Laws of Texas
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