Corporation and the subscribing employees of so large 

 an amount as that above referred to, the Pension 

 Board, by the concurrent vote of at least five of its 

 members, may provide for a ratable reduction of the 

 payments to be made by the Corporation and the sub- 

 scribing employees respectively. But no such resolu- 

 tion shall become effective until the same shall be 

 reported to the Trustees of the Corporation and ap- 

 proved by the vote of a majority of such Trustees 

 attending a regular or special meeting of the Board 

 of Trustees. By a resolution similarly adopted and 

 approved, the amounts payable as gratuities or pen- 

 sions under these rules may be increased. 



Expenses § 8. Such reasonable expenses as shall be essential 

 to the due administration of the Pension Fund may be 

 incurred by the Pension Board and may be paid from 

 such fund. 



Option and § 9. All persons who shall be permanent employees 

 age re- f the Corporation when these rules take effect and 

 qmremen who, if males, shall be above the age of twenty-one 

 years, or if females, above the age of eighteen years, 

 shall have the option, within sixty days after these 

 rules take effect, or at any time thereafter with the 

 consent of the Pension Board and upon compliance 

 with such terms as may be imposed by said Board, to 

 become subscribers to the Pension Fund hereby estab- 

 lished, and any persons who shall be permanent em- 

 ployees of the Corporation, when these rules take effect, 

 and if males, shall then be less than twenty-one years 

 of age, or if females, less than eighteen years of age, 

 shall have the option respectively, if still in the perma- 

 nent employ of the Corporation, to become such 

 subscribers when they shall attain such respective ages. 

 All persons hereafter employed by the Corporation 

 as permanent employees being over the age of twenty- 

 one years in the case of males, and of eighteen years 

 in the case of females, and under the age of forty-five 



