§ 18. Maintenance of sufficient funds to meet liabilities.
Latest version.
Should the pension fund herein provided for be insufficient to make full payment of
the amount of the several pensions which may be allowed under the provisions of this
or any other act, the pension board of the City of Pensacola shall so certify to the
city manager and the council, whereupon it shall become their mandatory duty to provide
from any source of revenue available, budgeted or unbudgeted, or from any fund whether
earmarked by ordinance or statute for other purposes, a sufficient sum to meet all
such current liabilities without default.
(Laws of Fla. 1941, Ch. 21483, § 14; Laws of Fla. 1949, Ch. 26143, § 3; Laws of Fla.,
Ch. 57-1713, § 5; Laws of Fla., Ch. 57-1723, § 3)
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