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EXHIBIT (l)(ii)
PURCHASE AGREEMENT
Schwab Investments (the "Fund"), a Massachusetts business trust, and
Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, hereby agree as
follows:
1. The Fund hereby offers and Schwab hereby purchases 100 Series B
units of beneficial interest (representing interests in the Schwab U.S.
Government Bond Fund (Short/Intermediate Term) of the Fund (such 100 units of
beneficial interest being hereafter collectively known as "Shares") at a price
of $10.00 per Share. Schwab hereby acknowledges purchase of the Shares and the
Fund hereby acknowledges receipt: from Schwab of funds in the amount of $1,000
in full payment for the Shares. It is further agreed that no certificate for the
Shares will be issued by the Fund.
2. Schwab represents and warrants to the Fund that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Schwab Investments" and "Trustees of Schwab Investments"
refer, respectively to the Trust created and the Trustees as Trustees but not
individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of October 26, 1990, to which reference is hereby
made and a copy of which is on file at the Office of the Secretary of State of
the Commonwealth of Massachusetts and elsewhere as required by law, and to any
and all amendments thereto so filed or hereafter filed. The obligations of
"Schwab Investments" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the assets of the Trust,
and all persons dealing with any series of Shares of the Trust must look solely
to the assets of the Trust must look solely to the assets for the Trust
belonging to such series for the enforcement of any claims against the Trust.
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IN WITNESS WHEREOF, the parties hereto have executed the Agreement as
of the 29th day of October, 1991.
Attest: SCHWAB INVESTMENTS
/s/ Xxxx Xxxx
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By: /s/ Xxx X. Xxxx
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Name: Xxx X. Xxxx
Title: Chief Operating Officer
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ Xxx Xxx
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By: /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxxx
Title: President
