18 



does not guarantee that the said Pension Fund will prove 

 sufficient to pay the gratuities and pensions contem- 

 plated by these rules; and that the said Corpora- 

 tion shall not, in any event, be liable for any loss which 

 may occur by reason of any maladministration, misap- 

 plication or other diminution of said Pension Fund. 



Liability of 

 employee 



§ 29. No personal liability shall attach hereunder to 

 any subscribing employee, other than for his or her own 

 contribution to the Pension Fund as hereinbefore pro- 

 vided. The obligation of the subscribers to contribute to 

 said Pension Fund is several and not joint. 



Appeals § 30. An appeal to the Trustees of the Corporation 



may be taken by any person deeming himself or herself 

 aggrieved by any action of the Pension Board. The de- 

 cision of such appeal by the said Trustees shall be con- 

 clusive. Subject only to such restrictions as are placed 

 upon them by these rules, the Trustees of the Corpora- 

 tion shall supervise and control the actions of the Pen- 

 sion Board, and may rescind any action or resolution of 

 such Board. 



Payments § 31. The use of the words annual pensions or pen- 



sions payable annually shall not preclude the Pension 

 Board from causing such pensions to be paid in monthly 

 or other instalments before the expiration of a full year. 

 All pensions herein provided for shall be apportionable. 



Liquidation § 32. The Trustees of the Corporation, upon the rec- 

 ommendation of a resolution adopted by the votes of not 

 less than five of the members of the Pension Board, may, 

 at any time, discontinue the pension system hereby es- 

 tablished, and distribute the Pension Fund as follows : 



