The contract of employment of any teacher who shall attain continuing service status shall remain in full force and effect unless superseded by a new contract signed by both parties, or cancelled as provided in Section 16-24-9 or 16-24-10; provided, that the Legislature or, in the absence of legislation, the employing board of education may provide for the retirement of teachers at certain ages.
(Acts 1939, No. 499, p. 759, § 3; Code 1940, T. 52, §353; Acts 1953, No. 773, p. 1040, § 1.)