VAN ECK FUNDS
AMENDMENT NO. 4 TO MASTER TRUST AGREEMENT
Amendment No. 4 to the Master Trust Agreement dated April 3, 1985, made at
New York, New York, this 6th day of February, 1986.
W I T N E S S E T H:
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WHEREAS, SECTION 7.3 of the Master Trust Agreement dated April 3, 1985, as
amended (the "Agreement"), of the Xxx Xxx Funds (the "Trust") provides that the
Agreement may be amended at any time, so long as such amendment does not
adversely affect the rights of any shareholder and so long as such amendment is
not in contravention of applicable law, including the Investment Company Act of
1940, by an instrument in writing, signed by an officer of the Trust pursuant to
a vote of majority of the Trustees of the Trust; and
WHEREAS, a majority of Trustees of the Trust have duly adopted the
amendment to the Agreement shown below and authorized the same to be filed with
the Secretary of State of the Commonwealth of Massachusetts.
NOW, THEREFORE, the undersigned Xxxx X. xxx Xxx, the duly elected and
serving President of the Trust, pursuant to the authorization described above,
hereby amends the Agreement in the following respects:
The first paragraph of Section 4.1 of the Agreement is amended to read as
follows:
"Section 4.1 Description of Shares. The beneficial interest in the
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Trust shall be divided into Shares, all with $.001 par value and of one
class, but the Trustees shall have the authority from time to time to
divide the class of Shares into two or more Series of Shares (each of which
Series of Shares shall be a separate and distinct Sub-Trust of the Trust,
including without limitation those Sub-Trusts specifically established and
designated in Section 4.2), as they deem necessary or desirable. Each Sub-
Trust established hereunder shall be deemed to be a separate trust under
Massachusetts General Laws Chapter 182. The Trustees shall have exclusive
power without the requirement of shareholder approval to establish and
designate such separate and distinct Sub-Trusts, and to fix and determine
the relative rights and preferences as between the shares of the separate
Sub-Trusts as to right of redemption and the price, terms and manner of
redemption, special and relative rights as to dividends and other
distributions and on liquidation, sinking or purchase fund provisions,
conversion rights, and conditions under which the several Sub-Trusts shall
have separate voting rights or no voting rights."
WITNESS my hands and seal this 6th day of February, 1986.
/s/ Xxxx X. xxx Xxx
Xxxx X. xxx Xxx, President
STATE OF NEW YORK )
COUNTY OF NEW YORK)
Then personally appeared the above-named Xxxx X. xxx Xxx, and acknowledged
this instrument to be his free act and deed this 6th day of February, 1986.
/s/ Xxxxx X. Xxxxx
Notary Public
My commission expires: March 30, 1987
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