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EXHIBIT 13(E)
PURCHASE AGREEMENT
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Pacific Horizon Tax-Exempt Money Market Fund, Inc. (the "Money Market
Fund"), a Maryland corporation, and Pacific Horizon Tax-Exempt Funds, Inc. (the
"Fund"), a Maryland corporation hereby agree with each other as follows:
1. The Money Market Fund hereby offers the Fund and the Fund hereby
purchases one share of Class A Common Stock (par value $.001 per share) of the
Money Market Fund at a price of $1.00 per share (such share being hereinafter
sometimes known as "Initial Share"). The Fund hereby acknowledges receipt of
one certificate representing one share of the Money Market Fund's Class A
Common Stock and the Money Market Fund hereby acknowledges receipt from the
Fund of funds in the amount of $1.00 in full payment for the Initial Share.
2. The Fund represents and warrants to the Fund that the Initial Share is
being acquired for investment purposes and not with a view to the distribution
thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 4th day of September, 1984.
(SEAL)
ATTEST: PACIFIC HORIZON TAX-EXEMPT MONEY MARKET FUND, INC.
/s/ W. Xxxxx XxXxxxxx, III BY:/s/ Xxxxxx X. Xxxxxxx
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W. Xxxxx XxXxxxxx, III Xxxxxx X. Xxxxxxx
Secretary President and Treasurer
(SEAL) PACIFIC HORIZON TAX-EXEMPT FUNDS, INC.
/s/ W. Xxxxx XxXxxxxx, III BY:/s/ Xxxxxx X. Xxxxxxx
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W. Xxxxx XxXxxxxx, III Xxxxxx X. Xxxxxxx
Secretary President and Treasurer
