FUND ACCOUNTING AGREEMENT
AGREEMENT made this 1st day of May, 1997 between THE TREASURER'S FUND,
INC. (the "Company"), a Maryland corporation having its principal place of
business at ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and BISYS
FUND SERVICES, INC. ("BISYS"), a corporation organized under the laws of the
State of Delaware and having its principal place of business at ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇.
WHEREAS, the Company desires that BISYS perform certain fund accounting
services for each investment portfolio of the Company, all as now or hereafter
may be established from time to time (individually referred to herein as the
"Fund" and collectively as the "Funds"); and
WHEREAS, BISYS is willing to perform such services on the terms and
conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual premises and covenants
herein set forth, the parties agree as follows:
1. Services.
(a) Maintenance of Books and Records. BISYS will keep and maintain
the following books and records of each Fund pursuant to Rule
31a-1 under the Investment Company Act of 1940 (the "Rule"):
(i) Journals containing an itemized daily record in detail
of all purchases and sales of securities, all receipts
and disbursements of cash and all other debits and
credits, as required by subsection (b)(1) of the Rule;
(ii) General and auxiliary ledgers reflecting all asset,
liability, reserve, capital, income and expense
accounts, including interest accrued and interest
received, as required by subsection (b)(2)(I) of the
Rule;
(iii) Separate ledger accounts required by subsection
(b)(2)(ii) and (iii) of the Rule; and
(iv) A monthly trial balance of all ledger accounts (except
shareholder accounts) as required by subsection (b)(8)
of the Rule.
(b) Performance of Daily Accounting Services. In addition to the
maintenance of the books and records specified above, BISYS
shall perform the following accounting services daily for each
Fund:
(i) Calculate the net asset value per share utilizing prices
obtained from the sources described in subsection
1(b)(ii) below;
(ii) Obtain security prices from independent pricing
services, or if such quotes are unavailable, then obtain
such prices from each Fund's investment adviser or its
designee, as approved by the Company's Board of
Directors;
(iii) Verify and reconcile with the Funds' custodian all daily
trade activity;
(iv) Compute, as appropriate, each Fund's net income and
capital gains, dividend payables, dividend factors,
7-day yields, 7-day effective yields, 30-day yields, and
weighted average portfolio maturity;
(v) Review daily the net asset value calculation and
dividend factor (if any) for each Fund prior to release
to shareholders, check and confirm the net asset values
and dividend factors for reasonableness and deviations,
and distribute net asset values and yields to NASDAQ;
(vi) Report to the Company the daily market pricing of
securities in any money market Funds, with the
comparison to the amortized cost basis;
(vii) Determine unrealized appreciation and depreciation on
securities held in variable net asset value Funds;
(viii) Amortize premiums and accrete discounts on securities
purchased at a price other than face value, if requested
by the Company;
(ix) Update fund accounting system to reflect rate changes,
as received from a Fund's investment adviser, on
variable interest rate instruments;
(x) Post Fund transactions to appropriate categories;
(xi) Accrue expenses of each Fund according to instructions
received from the Company's Administrator or its
designee;
(xii) Determine the outstanding receivables and payables for
all (1) security trades, (2) Fund share transactions and
(3) income and expense accounts;
2
(xiii) Provide accounting reports in connection with the
Company's regular annual audit and other audits and
examinations by regulatory agencies; and
(xiv) Provide such periodic reports as the parties shall agree
upon, as set forth in a separate schedule.
(c) Special Reports and Services.
(i) BISYS may provide additional special reports upon the
request of the Company or a Fund's investment adviser,
which may result in an additional charge, the amount of
which shall be agreed upon between the parties.
(ii) BISYS may provide such other similar services with
respect to a Fund as may be reasonably requested by the
Company, which may result in an additional charge, the
amount of which shall be agreed upon between the
parties.
(d) Additional Accounting Services. BISYS shall also perform the
following additional accounting services for each Fund:
(i) Provide monthly a download (and hard copy thereof) of
the financial statements described below, upon request
of the Company. The download will include the following
items:
Statement of Assets and Liabilities,
Statement of Operations,
Statement of Changes in Net Assets, and
Condensed Financial Information;
(ii) Provide accounting information for the following:
(A) federal and state income tax returns and federal
excise tax returns;
(B) the Company's semi-annual reports with the
Securities and Exchange Commission ("SEC") on Form
N-SAR;
(C) the Company's annual, semi-annual and quarterly
(if any) shareholder reports;
(D) registration statements on Form N-1A and other
filings relating to the registration of shares;
3
(E) the monitoring of each Fund's status as a
regulated investment company under Subchapter M of
the Internal Revenue Code, as amended;
(F) annual audit by the Company's auditors; and
(G) examinations performed by the SEC.
2. Compensation.
BISYS shall be entitled to receive an annual fee from each Fund of
$20,000. Such fee shall be payable by each Fund in twelve (12) installments, on
the first day of each month, or at such other time(s) as the parties may agree
upon.
3. Reimbursement of Expenses.
In addition to paying BISYS the fees referred to in Section 2
hereof, the Company agrees to reimburse BISYS for its out-of-pocket expenses in
providing services hereunder, including without limitation the following:
(a) All freight and other delivery and bonding charges incurred by
BISYS in delivering materials to and from the Company;
(b) The cost of microfilm or microfiche of records or other
materials;
(c) Any expenses BISYS shall incur at the written direction of an
officer of the Company thereunto duly authorized; and
(d) Any additional expenses reasonably incurred by BISYS in the
performance of its duties and obligations under this
Agreement.
4. Effective Date.
This Agreement shall become effective as of the date first written
above (the "Effective Date").
5. Term.
The initial term of this Agreement (the "Initial Term") shall
commence on May 1, 1997 and shall remain in effect through December 31, 1997.
This Agreement shall be renewed automatically for successive periods of one year
after the Initial Term, unless written notice of nonrenewal is provided by
either party not less than 90 days prior to the end of the Initial Term or 90
days' advance written notice of termination is provided by either party at any
time following the Initial Term. In the event of any breach of this Agreement by
either party, the non-breaching party shall notify the breaching party in
writing of such breach and upon receipt of such notice, the
4
breaching party shall have 45 days to remedy the breach. In the event any
material breach is not remedied within such time period, the nonbreaching party
may immediately terminate this Agreement.
Notwithstanding the foregoing after such termination for so long as
BISYS, with the written consent of the Company, in fact continues to perform any
one or more of the services contemplated by this Agreement or any schedule or
exhibit hereto, the provisions of this Agreement, including without limitation
the provisions dealing with indemnification, shall continue in full force and
effect. Compensation due BISYS and unpaid by the Company upon such termination
shall be immediately due and payable upon and notwithstanding such termination.
BISYS shall be entitled to collect from the Company, in addition to the
compensation described in this Agreement, all costs reasonably incurred in
connection with BISYS' activities in effecting such termination, including
without limitation, the delivery to the Company and/or its designees of the
Company's property, records, instruments and documents, or any copies thereof.
To the extent that BISYS may retain in its possession copies of any Company
documents or records subsequent to such termination which copies had not been
requested on behalf of the Company in connection with the termination process
described above, BISYS will provide the Company with reasonable access to such
copies; provided however, that, in exchange therefor, the Company shall
reimburse BISYS for all costs reasonably incurred in connection therewith.
6. Standard of Care; Reliance on Records and Instructions;
Indemnification.
BISYS shall use its best efforts to insure the accuracy of all
services performed under this Agreement, but shall not be liable to the Company
for any action taken or omitted by BISYS in the absence of bad faith, willful
misfeasance, negligence or from reckless disregard by it of its obligations and
duties. The Company agrees to indemnify and hold harmless BISYS, its employees,
agents, directors, officers and nominees from and against any and all claims,
demands, actions and suits, whether groundless or otherwise, and from and
against any and all judgments, liabilities, losses, damages, costs, charges,
counsel fees and other expenses of every nature and character arising out of or
in any way relating to BISYS's actions taken or nonactions with respect to the
performance of services under this Agreement or based, if applicable, upon
reasonable reliance on information, records, instructions or requests with
respect to a Fund given or made to BISYS by a duly authorized representative of
the Company; provided that this indemnification shall not apply to actions or
omissions of BISYS in cases of its own bad faith, willful misfeasance,
negligence or from reckless disregard by it of its obligations and duties, and
further provided that prior to confessing any claim against it which may be the
subject of this indemnification, BISYS shall give the Company written notice of
and reasonable opportunity to defend against said claim in its own name or in
the name of BISYS.
5
7. Record Retention and Confidentiality.
BISYS shall keep and maintain on behalf of the Company all books and
records which the Company is, or may be, required to keep and maintain pursuant
to any applicable statutes, rules and regulations, including without limitation
Rules 31a-1 and 31a-2 under the Investment Company Act of 1940, as amended (the
"1940 Act") relating to the maintenance of books and records in connection with
the services to be provided hereunder. BISYS further agrees that all such books
and records shall be the property of the Company and to make such books and
records available for inspection by the Company or by the Securities and
Exchange Commission at reasonable times and otherwise to keep confidential all
books and records and other information relative to the Company and its
shareholders; except when requested to divulge such information by
duly-constituted authorities or court process.
8. Uncontrollable Events.
BISYS assumes no responsibility hereunder, and shall not be liable,
for any damage, loss of data, delay or any other loss whatsoever caused by
events beyond its reasonable control.
9. Reports.
BISYS will furnish to the Company's properly authorized auditors,
investment advisers, examiners, distributors, dealers, underwriters, salesmen,
insurance companies and others designated by the Company in writing, such
reports and at such times as are prescribed pursuant to the terms and the
conditions of this Agreement to be provided or completed by BISYS, or as
subsequently agreed upon by the parties pursuant to an amendment hereto. The
Company agrees to examine, or cause an authorized representative of the Company
to examine, each such report or copy promptly and will report or cause to be
reported any errors or discrepancies therein.
10. Rights of Ownership.
All computer programs and procedures developed to perform services
required to be provided by BISYS under this Agreement are the property of BISYS.
All records and other data except such computer programs and procedures are the
exclusive property of the Company and all such other records and data will be
furnished to the Company in appropriate form as soon as practicable after
termination of this Agreement for any reason.
11. Return of Records.
BISYS may at its option at any time, and shall promptly upon the
Company's demand, turn over to the Company and cease to retain, BISYS' files,
records and documents created and maintained by BISYS pursuant to this Agreement
which are no longer needed by BISYS in the performance of its services or for
its legal protection. If not so turned over, such documents and records will be
retained by BISYS for six years from the year of creation. At the end of such
six-year
6
period, such records and documents will be turned over to the Company unless the
Company authorizes in writing the destruction of such records and documents.
12. Representations of the Company.
The Company certifies to BISYS that: (1) as of the close of business
on the Effective Date, each Fund that is in existence as of the Effective Date
has authorized unlimited shares, and (2) this Agreement has been duly authorized
by the Company and, when executed and delivered by the Company, will constitute
a legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting the
rights and remedies of creditors and secured parties.
13. Representations of BISYS.
BISYS represents and warrants that: (1) the various procedures and
systems which BISYS has implemented with regard to safeguarding from loss or
damage attributable to fire, theft, or any other cause the records, and other
data of the Company and BISYS' records, data, equipment facilities and other
property used in the performance of its obligations hereunder are adequate and
that it will make such changes therein from time to time as are required for the
secure performance of its obligations hereunder, and (2) this Agreement has been
duly authorized by BISYS and, when executed and delivered by BISYS, will
constitute a legal, valid and binding obligation of BISYS, enforceable against
BISYS in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting the
rights and remedies of creditors and secured parties.
14. Insurance.
BISYS shall notify the Company should any of its insurance coverage
be canceled or reduced. Such notification shall include the date of change and
the reasons therefor. BISYS shall notify the Company of any material claims
against it with respect to services performed under this Agreement, whether or
not they may be covered by insurance, and shall notify the Company from time to
time as may be appropriate of the total outstanding claims made by BISYS under
its insurance coverage.
15. Information Furnished by the Company.
The Company has furnished to BISYS the following:
(a) Copies of the Articles of Incorporation of the Company and of
any amendments thereto, certified by the proper official of
the state in which each such document has been filed.
7
(b) Copies of the Company's Bylaws and any amendments thereto.
(c) A list of all the officers of the Company, together with
specimen signatures of those officers who are authorized to
instruct BISYS in all matters.
(d) Two copies of the Prospectuses and Statements of Additional
Information for each Fund.
16. Information Furnished by BISYS.
(a) BISYS has furnished to the Company the following:
(i) BISYS' Articles of Incorporation; and
(ii) BISYS' Bylaws and any amendments thereto.
(b) BISYS shall, upon request, furnish certified copies of
corporate actions covering the following matters:
(i) Approval of this Agreement, and authorization of a
specified officer of BISYS to execute and deliver this
Agreement; and
(ii) Authorization of BISYS to act as BISYS and to provide
the accounting services hereunder.
17. Amendments to Documents.
The Company shall furnish BISYS written copies of any amendments to,
or changes in, any of the items referred to in Section 15 hereof forthwith upon
such amendments or changes becoming effective. In addition, the Company agrees
that no amendments will be made to the Prospectuses or Statements of Additional
Information of the Company which might have the effect of changing the
procedures employed by BISYS in providing the services agreed to hereunder or
which amendment might affect the duties of BISYS hereunder unless the Company
first obtains BISYS' approval of such amendments or changes.
18. Compliance with Law.
The Company represents and warrants that the Company has assumed
full responsibility for the preparation, contents and distribution of each
prospectus of the Company as to compliance with all applicable requirements of
the Securities Act of 1933, as amended (the "Securities Act"), the 1940 Act and
any other laws, rules and regulations of governmental authorities having
jurisdiction. BISYS shall have no obligation to take cognizance of any laws
relating to the sale of the Company's shares. The Company represents and
warrants that no shares of the Company
8
will be offered to the public until the Company's registration statement under
the Securities Act and the 1940 Act has been declared or becomes effective.
19. Notices.
Any notice required or permitted to be given by either party to the
other shall be deemed sufficient if sent by registered or certified mail,
postage prepaid, addressed by the party giving notice to the other party at the
following address: if to the Company, at ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: _______________; and if to BISYS, at ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Esq., or at such
other address as such party may from time to time specify in writing to the
other party pursuant to this Section.
20. Headings.
Paragraph headings in this Agreement are included for convenience
only and are not to be used to construe or interpret this Agreement.
21. Assignment.
This Agreement and the rights and duties hereunder shall not be
assignable with respect to a Fund by either of the parties hereto except by the
specific written consent of the other party. This Agreement shall be binding
upon, and shall inure to the benefit of, the parties hereto and their respective
successors and permitted assigns.
22. Governing Law.
This Agreement shall be construed and enforced in accordance with
the laws of the State of Ohio and the applicable provisions of the 1940 Act. To
the extent that the applicable laws of the State of Ohio, or any of the
provisions herein, conflict with the applicable provisions of the 1940 Act, the
latter shall control.
23. Proprietary and Confidential Information.
BISYS agrees on behalf of itself and its officers and employees to
treat confidentially and as proprietary information of the Company all records
and other information relative to the Company and prior, present, or potential
shareholders, and not to use such records and information for any purpose other
than performance of its responsibilities and duties hereunder, except after
prior notification to and approval in writing by the Company, which approval
shall not be unreasonably withheld and may not be withheld where BISYS may be
exposed to civil or criminal contempt proceedings for failure to comply, when
requested to divulge such information by duly constituted authorities, or when
so requested by the Company.
9
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed all as of the day and year first above written.
THE TREASURER'S FUND, INC.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
----------------------------------
Title: Vice President
-------------------------------
BISYS FUND SERVICES, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
----------------------------------
Title: Senior Vice President
-------------------------------
10
Dated: May 1, 1997
SCHEDULE A
TO THE FUND ACCOUNTING AGREEMENT
BETWEEN
THE TREASURER'S FUND, INC.
AND
BISYS FUND SERVICES, INC.
FUNDS
This Agreement shall apply to all Funds, either now or hereafter created, of the
Company as set forth below. The current Funds of the Company are also set forth
below.
U. S. Treasury Money Market Portfolio
Domestic Prime Money Market Portfolio
Global Money Market Portfolio
Tax Exempt Money Market Portfolio
Limited Term Portfolio
Tax Exempt Limited Term Portfolio
A-1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
------------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇ OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------------
▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇
------------------------------------
▇▇▇▇▇▇ ▇. ▇'▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, whose signature
appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution, as his
true and lawful attorney and agent to execute in his name and on his behalf, in
any and all capacities, the Registration Statement on Form N-1A, No. 33-17604,
and any and all amendments thereto filed by The Treasurer's Fund, Inc. (the
"Fund"), with the Securities and Exchange Commission under the Securities Act of
1933, as amended, and under the Investment Company Act of 1940, as amended, and
any and all other instruments which such attorney and agent deems necessary or
advisable to enable the Fund to comply with the Securities Act of 1933, as
amended, the Investment Company Act of 1940, as amended, the rules, regulations
and requirements of the Securities and Exchange Commission, and the securities
or Blue Sky laws of any state or other jurisdiction; and the undersigned hereby
ratifies and confirms as his own act and deed any and all that such attorney and
agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇
------------------------------------
▇▇▇▇ ▇▇▇▇ ▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------------------
▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇, whose
signature appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇
▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution,
as his true and lawful attorney and agent to execute in his name and on his
behalf, in any and all capacities, the Registration Statement on Form N-1A, No.
33-17604, and any and all amendments thereto filed by The Treasurer's Fund, Inc.
(the "Fund"), with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, and under the Investment Company Act of 1940, as
amended, and any and all other instruments which such attorney and agent deems
necessary or advisable to enable the Fund to comply with the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, the rules,
regulations and requirements of the Securities and Exchange Commission, and the
securities or Blue Sky laws of any state or other jurisdiction; and the
undersigned hereby ratifies and confirms as his own act and deed any and all
that such attorney and agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
------------------------------------
▇▇▇▇▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that ▇▇▇▇ ▇. ▇▇▇▇▇, whose signature
appears below, hereby constitutes and appoints ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and each of them, with full power of substitution, as her
true and lawful attorney and agent to execute in her name and on her behalf, in
any and all capacities, the Registration Statement on Form N-1A, No. 33-17604,
and any and all amendments thereto filed by The Treasurer's Fund, Inc. (the
"Fund"), with the Securities and Exchange Commission under the Securities Act of
1933, as amended, and under the Investment Company Act of 1940, as amended, and
any and all other instruments which such attorney and agent deems necessary or
advisable to enable the Fund to comply with the Securities Act of 1933, as
amended, the Investment Company Act of 1940, as amended, the rules, regulations
and requirements of the Securities and Exchange Commission, and the securities
or Blue Sky laws of any state or other jurisdiction; and the undersigned hereby
ratifies and confirms as her own act and deed any and all that such attorney and
agent shall do or cause to be done by virtue hereof.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇
