§88-108  Cash for meeting disbursements. For the purpose of meeting disbursements for retirement allowances, pensions,annuities and other payments, there may be kept available cash, not exceedingten per cent of the total amount in the several funds of the system, on depositin any one or more banks or trust companies of the State, organized under thelaws thereof or of the United States.  The sum on deposit in any one bank ortrust company shall not exceed twenty-five per cent of the paid up capital andsurplus of the bank or trust company. [L 1925, c 55, pt of §7; RL 1935, pt of§7926; RL 1945, §711, subs 3; RL 1955, §6-79; HRS §88-98; am L 1969, c 110, ptof §1]