CHAPTER 568

An Act to amend and reenact § 51-15 of the Code of Virginia, relating
to retirement of members of the State Corporation Commission.

[H 438]
Approved April 3, 1952

Be it enacted by the General Assembly of Virginia:

1. That § 51-15 of the Code of Virginia be amended and reenacted as
follows:

§ 51-15. Retirement after age seventy.—Any member of the State
Corporation Commission may retire therefrom at any time after having
attained the age of seventy years and after not less than ten consecutive
years of service as a member thereof, upon giving the Governor notice in
writing of his intention so to do, stating in such notice the date upon
which such retirement will become effective. Upon receipt of such notice
the Governor shall notify the Comptroller of such retirement and the
effective date of the same.

Any such member so retiring shall, after such retirement and for so
long as he may live, be paid by the State, out of the general funds in the
State treasury, or out of such funds as shal] be appropriated for the
purpose, annual compensation in an amount equal to * three-fourths of
the annual salary being received by him immediately prior to his retire-
ment. Such compensation shall be paid by the State Treasurer in monthly
or semi-monthly installments, upon warrants of the Comptroller.