EX-99.15 16 agreement17g.htm AGREEMENT AMONG INSUREDS PURSUANT TO RULE 17G-1 Unassociated Document
 
AGREEMENT AMONG INSUREDS TO PURSUANT RULE 17G-1

The undersigned registered management investment companies and affiliated entities, named insureds under a joint insured fidelity bond issued by ICI Mutual Insurance Company, pursuant to the requirements of the Securities and Exchange Commission set forth in paragraph (f) of Rule 17g-1 under the Investment Company Act of 1940 (the "1940 Act") agree that in the event that any recovery is received under the bond (or any rider, amendment, extension, or renewal of the bond) as a result of a loss sustained by a registered management investment company and one or more other named insureds, the registered management investment company shall receive an equitable and proportionate share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required by paragraph (d) (1) under Rule 17g-1 under the 1940 Act.

The undersigned registered management investment companies agree among themselves that the amounts of the fidelity bond premiums designated by the insurer as pertaining to investment company insureds shall be allocated among the investment company insureds named in the bond (or any rider, amendment, extension, or renewal of the bond), in view of the net assets of such investment company insureds, in accordance with the resolutions of the Boards of Trustees of such investment company insureds. The undersigned registered management investment companies represent that their respective Boards of Trustees have observed the procedures specified in paragraph (e) of Rule 17g-1 under the 1940 Act to approve the payment of their respective portions of the fidelity bond premiums.

This Agreement shall be effective as of May 9, 1994, and may be amended. assigned, or terminated only in accordance with the 1940 Act and the rules and regulations thereunder. This Agreement may be executed in counterparts, each of which shall be deemed an original.

All parties hereto agree that the obligations of this Agreement are not personally binding upon the shareholders of any Massachusetts business trust.
 
In witness whereof, the parties hereto have caused this Agreement to be executed by their officers and their seals to be hereunto affixed.
 
 
ATTEST:         AQUILA MANAGEMENT CORPORATION 
         
/s/ Rose F. Marotta   
   By: 
/s/ Lacy B. Herrmann
  
Rose F. Marotta   
    
Lacy B. Herrmann
  
Treasurer    
    
President and Chairman
  
 
 
 
 
 
ATTEST:         STCM MANAGEMENT COMPANY, INC.
         
/s/ Rose F. Marrotta 
   By: 
/s/ Lacy B. Herrmann
  
Rose F. Marrotta      Lacy B. Herrmann  
Treasurer      President and Chairman  


ATTEST:         AQUILA DISTRIBUTORS, INC.
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
ATTEST:         AQUILA ROCKY MOUNTAIN EQUITY FUND
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
ATTEST:         CAPITAL CASH MANAGEMENT TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  


ATTEST:         THE CASCADES TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  


ATTEST:         CASH ASSETS TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  


ATTEST:         CHURCHILL CASH RESERVES TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
 
 
 
 
ATTEST:         CHURCHILL TAX-FREE TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
ATTEST:         HAWAIIAN TAX-FREE TRUST
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
ATTEST:         NARRAGANSETTT INSURED TAX-FREE INCOME FUND
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  
 
 
ATTEST:         PRIME CASH FUND
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  
 
 
ATTEST:         SHORT TERM ASSET RESERVES
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  


ATTEST:         TAX-FREE FUND FOR UTAH
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  


ATTEST:         TAX-FREE FUND OF COLORADO
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman  

 
ATTEST:         TAX-FREE TRUST OF ARIZONA
         
/s/ Kenneth L. MacRitchie 
   By: 
/s/ Lacy B. Herrmann
  
Kenneth L. MacRitchie      Lacy B. Herrmann  
Assistant Secretary         President and Chairman