Sec. 8. INVESTMENT OF SURPLUS FUNDS. Whenever, in the opinion of the said pension board, there is on hand in said pension fund, a surplus over and above a reasonably safe amount to take care of current demands upon such funds, such surplus, or so much thereof as in the judgment of the said pension board is deemed proper, may be invested in securities of the United States, the State of Texas, or of counties, school districts, or municipal corporations. No investment shall be made, however, which does not meet with the approval of the city controller, if any, of such city.
Structure Texas Statutes
Article 6243d-1. Policemen's Relief and Retirement Fund
Section 1. Creation of Fund; Definitions
Section 3. Treasurer of Pension Fund
Section 4. Per Capita Contributions
Section 6. Assignments of Salary to Fund
Section 7. Appropriations to Fund Out of General Funds of City
Section 8. Investment of Surplus Funds
Section 9. Benefits to Begin Not Prior to January 1, 1942
Section 11. Disability Resulting From Performance of Duty
Section 12. Death Resulting From Performance of Duty
Section 13. Pension to Dependents, When
Section 14. Refunds on Leaving Service
Section 15. Reduction of Benefits Authorized in Case Fund Is Depleted
Section 16. Legal Counsel for Board
Section 17. Pensions Not Subject to Execution, Etc