A.  The board may receive property of any nature for the benefit of the fund.  

B.  The sum of fifty thousand dollars shall be retained as a permanent fund.  No pension shall be paid or money drawn from the fund until the sum of fifteen thousand dollars, over and above the fifty thousand dollars held as a permanent fund is to the fund’s credit.  

Acts 1968, No. 641, §2; Redesignated from La. Rev. Stat. 33:2358 by Acts 1991, No. 74, §3, eff. June 25, 1991.