Common use of AUTHORIZATION AND ISSUANCE OF SHARES Clause in Contracts

AUTHORIZATION AND ISSUANCE OF SHARES. 1. The Customer shall deliver to the Bank the following documents on or before the effective date of any increase, decrease or other change in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Charter giving effect to such increase, decrease or change; (b) An opinion of counsel for the Customer with respect to the validity of the Shares and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulations (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Bank was theretofore expressly limited, a certified copy of a resolution of the Board of Directors of the Customer increasing the authority of the Bank. 2. Prior to the issuance of any additional Shares pursuant to stock dividends, stock splits or otherwise, and prior to any reduction in the number of Shares outstanding, the Customer shall deliver the following documents to the Bank: (a) A certified copy of the resolutions adopted by the Board of Directors and/or the shareholders of the Customer authorizing such issuance of additional Shares of the Customer or such reduction, as the case may be; (b) A certified copy of the order or consent of such governmental or regulatory authority required by law as a prerequisite to the issuance or reduction of such Shares, as the case may be, and an opinion of counsel for the Customer that no other order or consent is required; and (c) An opinion of counsel for the Customer with respect to the validity of the Shares and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable law or regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor).

AUTHORIZATION AND ISSUANCE OF SHARES. 1. The Customer Company shall deliver to the Bank Transfer Agent the following documents on or before the effective date of any increase, increase or decrease or other change in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Charter Declaration of Trust giving effect to such increase, decrease increase or changedecrease; (b) An In the case of an increase, an opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulations regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Bank was theretofore Transfer Agent is expressly limitedlimited to the previously authorized number of Shares, a certified copy of a resolution of the Board of Directors Trustees of the Customer Company increasing the authority of the BankTransfer Agent. 2. Prior to the issuance of any additional Shares of the Company pursuant to stock dividends, stock splits actions such as share dividends or otherwiseshare splits, and prior to any reduction in the number of Shares outstanding, the Customer Company shall deliver the following documents to the BankTransfer Agent: (a) A certified copy of the resolutions resolution(s) adopted by the Board of Directors Trustees and/or the shareholders of the Customer Company authorizing such issuance of additional Shares of the Customer Company or such reduction, as the case may be; (b) A certified copy of the order or consent of such governmental or regulatory authority required by law as a prerequisite to the issuance or reduction of such Shares, as the case may be, and an opinion of counsel for the Customer that no other order or consent is required; and (cb) An opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective effective, or, if exempt, the specific grounds therefor).

AUTHORIZATION AND ISSUANCE OF SHARES. 1. The Customer Company shall deliver to the Bank Transfer Agent the following documents on or before the effective date of any increase, increase or decrease or other change in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Charter Declaration of Trust giving effect to such increase, decrease increase or changedecrease; (b) An In the case of an increase, an opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulations regulation (i.e., if subject such to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Bank was theretofore Transfer Agent is expressly limitedlimited to the previously authorized number of Shares, a certified copy of a resolution of the Board of Directors Trustees of the Customer Company increasing the authority of the BankTransfer Agent. 2. Prior to the issuance of any additional Shares of the Company pursuant to stock dividends, stock splits actions such as share dividends or otherwiseshare splits, and prior to any reduction in the number of Shares outstanding, the Customer Company shall deliver the following documents to the BankTransfer Agent: (a) A certified copy of the resolutions resolution(s) adopted by the Board of Directors Trustees and/or the shareholders of the Customer Company authorizing such issuance of additional Shares of the Customer Company or such reduction, as the case may be; (b) A certified copy of the order or consent of such governmental or regulatory authority required by law as a prerequisite to the issuance or reduction of such Shares, as the case may be, and an opinion of counsel for the Customer that no other order or consent is required; and (cb) An opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective effective, or, if exempt, the specific grounds therefor).

AUTHORIZATION AND ISSUANCE OF SHARES. 1. The Customer Company shall deliver to the Bank Transfer Agent the following documents on or before the effective date of any increase, increase or decrease or other change in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Charter Articles of Incorporation giving effect to such increase, decrease increase or changedecrease; (b) An In the case of an increase, an opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulations regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Bank was theretofore Transfer Agent is expressly limitedlimited to the previously authorized number of Shares, a certified copy of a resolution of the Board of Directors of the Customer Company increasing the authority of the BankTransfer Agent. 2. Prior to the issuance of any additional Shares of the Company pursuant to actions such as stock dividends, dividends or stock splits or otherwisesplits, and prior to any reduction in the number of Shares outstanding, the Customer Company shall deliver the following documents to the BankTransfer Agent: (a) A certified copy of the resolutions resolution(s) adopted by the Board of Directors and/or the shareholders of the Customer Company authorizing such issuance of additional Shares of the Customer Company or such reduction, as the case may be; (b) A certified copy of the order or consent of such governmental or regulatory authority required by law as a prerequisite to the issuance or reduction of such Shares, as the case may be, and an opinion of counsel for the Customer that no other order or consent is required; and (cb) An opinion of counsel for the Customer Company with respect to the validity of the Shares of the Company and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulation (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective effective, or, if exempt, the specific grounds therefor). 3. The Company is authorized to issue (a) 15,000,000,000 shares representing interests in the Treasury Money Market Fund-Pacific Horizon shares; (b) 15,000,000,000 shares representing interests in the Treasury Money Market Fund-Horizon Service shares; (c) 14,400,000,000 shares representing interests in the Treasury Money Market Fund-Horizon shares; (d) 15,000,000,000 shares representing interests in the Prime Money Market Fund-Pacific Horizon shares; (e) 15,000,000,000 shares representing interests in the Prime Money Market Fund-