EX-99.(A)(1) 2 acmt2016ex99a11amendedandr.htm EXHIBIT 99.(A)(1)-AMENDMENT 10 TO AGREMENT Exhibit




AMENDMENT NO. 10 TO
AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST
OF AMERICAN CENTURY MUNICIPAL TRUST


THIS AMENDMENT NO. 10 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST (“Declaration of Trust”) is made as of the 29th day of March, 2016, by the Trustees hereunder.

WHEREAS, the Board of Trustees have determined that it is in the best interests of American Century Municipal Trust (the "Trust") to eliminate the B Class of Shares of High-Yield Municipal Fund and Long-Term Tax-Free Fund;

WHEREAS, the New York Tax-Free Fund was liquidated in accordance with a Plan of Liquidation, effective May 3, 2013; and

WHEREAS, pursuant to Article VIII, Section 8 of the Declaration of Trust, the Trustees wish to amend the Declaration of Trust as follows.

NOW, THEREFORE, BE IT RESOLVED, that Schedule A of the Declaration of Trust is hereby amended to reflect such actions by deleting the text thereof in its entirety and inserting in lieu therefore the Schedule A attached hereto; and

FURTHER RESOLVED, the Declaration of Trust is hereby amended by deleting the present Section 3 of Article VI and inserting in lieu thereof the following:

SECTION 3. REDEMPTIONS AT THE OPTION OF THE TRUST
The Trust shall have the right at its option and at any time to redeem Shares of any Shareholder at the net asset value thereof as described in Section 1 of this Article VI if: (i) the value of such shares in the account of such Shareholder is less than minimum investment amounts applicable to that account as set forth in the Trust’s then-current registration statement under the 1940 Act; (ii) the Shareholder fails to furnish the Trust with the holder’s correct taxpayer identification number or social security number and to make such certifications with respect thereto as the Trust may require; (iii) such Shareholder fails to meet or maintain the qualifications for ownership of a particular series or class; or (iv) the Trustees determine, in their sole discretion, that the ownership of Shares by one or more Shareholders is not in the best interests of the remaining Shareholders of the Trust or of the applicable series or class. Provided, however, that any such redemptions shall be subject to such further terms and conditions as the Trustees may from time to time adopt.

    





IN WITNESS WHEREOF, a majority of the Trustees do hereto set their hands as of the date first referenced above.

Trustees of the American Century Municipal Trust



/s/ Tanya S. Beder                    /s/ Jeremy I. Bulow                        
Tanya S. Beder                    Jeremy I. Bulow


/s/ Ronald J. Gilson                    /s/ Frederick L.A. Grauer                    
Ronald J. Gilson                    Frederick L.A. Grauer


/s/ Peter F. Pervere                    /s/ Jonathan S. Thomas                    
Peter F. Pervere                    Jonathan S. Thomas


/s/ John B. Shoven                            
John B. Shoven                    



2



SCHEDULE A

American Century Municipal Trust


Pursuant to Article III, Section 6, the Trustees hereby establish and designate the following Series as Series of the Trust (and the Classes thereof), with the relative rights and preferences as described in Section 6:


Series
Class
Date of Establishment
 
 
 
Tax-Free Money Market Fund
Investor
07/31/1984
 
 
 
Intermediate-Term Tax-Free Bond Fund
Investor
07/31/1984
 
Institutional
12/17/2002
 
 
 
High-Yield Municipal Fund
Investor
12/15/1997
 
A Class
05/08/2002
 
C Class
05/01/2001
 
 
 
Long-Term Tax-Free Fund
Investor
12/12/2005
 
Institutional
12/12/2005
 
A Class
12/12/2005
 
C Class
12/12/2005


This Schedule A shall supersede any previously adopted Schedule A to the Declaration of Trust.


A-1