EXHIBIT (4)
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SHARES OF BENEFICIAL INTEREST
NO PAR VALUE
MONARCH FUNDS
NUMBER _____________________________________________ SHARES
______ ______
ORGANIZED UNDER THE LAWS OF THE STATE OF DELAWARE
THIS IS TO CERTIFY THAT SEE REVERSE SIDE FOR
CERTAIN DEFINITIONS
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CUSIP ___________
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IS THE OWNER OF
FULLY PAID AND NON-ASSESSABLE SHARES OF BENEFICIAL INTEREST NO PAR VALUE
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established as a separate series of Monarch Funds, a Delaware business trust
(hereinafter called the "Trust"), under a Trust Instrument made July 10, 1992,
as amended from time to time. The holder and every transferee or assignee of
this Certificate or of the Shares presented hereby or any interest therein
accepts and agrees to be bound by the provisions of such Trust Instrument and
all amendments thereto (copies of which are on file at the principal office of
the Trust) and such Bylaws of the Trust as may from time to time be adopted by
the Trustees (copies of which are on file at the principal office of the Trust),
all of which provisions are hereby incorporated by reference as fully as if set
forth herein in their entirety. Written obligations of the Trust made by the
Trustees are made by them not individually, but as such Trustees and obligations
of the Trust are not binding upon any Trustee, shareholder, officer or agent of
the Trust individually, but bind only the Trust estate. This Certificate and the
Shares represented hereby are transferable on the books of the Trust by the
registered holder hereof in person or by duly authorized attorney upon surrender
of this Certificate properly endorsed. This Certificate is not valid until
countersigned and registered by the Transfer Agent.
Witness the seal of the Trust and the signatures of its duly authorized
officers.
Dated:
By: /s/ Xxxx X. Xxxxxx [SEAL]
-------------------------- MONARCH FUNDS
President SEAL
1992
DELAWARE
*
/s/ Xxxxx X. Xxxxxxxx
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Secretary
COUNTERSIGNED AND REGISTERED
FORUM FINANCIAL CORP.
TRANSFER AGENT
BY:
AUTHORIZED SIGNATURE
CHAIRMAN
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