Common use of Authority Relative to the Agreement Clause in Contracts

Authority Relative to the Agreement. The AXP Corporation has the power to enter into and carry out the obligations described in this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors and no other proceedings by the AXP Corporation or the Acquiring Fund are necessary.

Appears in 17 contracts

Samples: Agreement and Plan of Reorganization (Axp Global Series Inc), Agreement and Plan of Reorganization (Axp High Yield Tax-Exempt Fund), Agreement and Plan of Reorganization (Axp Global Series Inc)

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