§ 1071 — Minimum allowance for persons who retired on or before December 31, 1957

Sec. 1071. - Minimum allowance for persons who retired on or before December 31, 1957.

(a) An Act entitled: "An Act to Charter the Memphis City Schools" passed January 27, 1869, and all amendments thereto, constituting the Charter of the Board of Education of the Memphis City Schools, be and the same are hereby amended so as to authorize and empower said Board of Education of the Memphis City Schools to fix the minimum annual sum to be paid by it to any person or employee who has been retired on and prior to December 31, 1957, from service by said board under any act or law authorizing such retirement, at the sum of $1,200.00 per annum. (b) When said board shall have so fixed said minimum annual sum as authorized in the foregoing section, the said Board of Education of the Memphis City Schools is hereby authorized and empowered thereafter to pay said minimum annual sum of $1,200.00 in equal monthly installments, to each of those persons who retired on and prior to December 31, 1957, and who except for the provisions of this Act and the action of said board thereunder, would otherwise receive less than said minimum annual sum; and in the discretion of said board of education, to pay same to each such retired person during the remainder of his or her life.

(Priv. Acts 1959, ch. 179, § 2)