16 



and to provide for meritorious eases not embraced within 

 these rules, it is hereby understood and agreed that the 

 Trustees of the Corporation, upon recommendation of a 

 resolution of the Pension Board adopted by the votes of 

 not less than six of its members : 



First: May exclude any employee of the Corporation 

 from the right to become a subscriber, or permit any 

 employee to become a subscriber. 



Second : May terminate the subscription of any sub- 

 scribing employee who shall not, at the time, be entitled 

 to any gratuity or pension hereunder, upon the repayment 

 to such employee of his or her subscriptions to said fund, 

 with simple interest at the rate of three per cent, per an- 

 num. Thereupon such employee shall cease to be entitled 

 to any gratuity or pension under these rules. 



Third: May grant suitable gratuities or pensions to 

 any subscribing employee, or members of his or her 

 family, or persons dependent upon him or her, even 

 though no provision is made therefor by these rules; or, 



Fourth: Upon such terms as justice shall require, 

 may reinstate any former subscribing employee whose 

 rights shall have lapsed hereunder. 



§ 26. The Trustees of the Corporation by the votes 

 of not less than a majority of all of the members of the 

 Board of Trustees, and upon the recommendation of a 

 resolution adopted by the votes of not less than six of 

 the members of the Pension Board, at any time or times, 

 may alter, amend or repeal any or all of the rules hereby 

 prescribed, and any such alteration, amendment or repeal 

 shall be binding upon the subscribers hereto, and upon 

 any persons who then are, or may thereafter become, 

 entitled to any gratuity or- pension hereunder, in like 



