Exhibit (l)(15)
PURCHASE AGREEMENT
The Galaxy Fund, a Massachusetts business trust (the "Trust"), and
Liberty Funds Distributor, Inc., a Massachusetts corporation ("LFDI"), hereby
agree with each other as follows:
1. The Trust hereby offers LFDI and LFDI hereby purchases (a) ten
(10) Class UU - Series 1 shares and ten (10) Class UU - Series 2 shares, all
such shares representing interests in the Trust's New Jersey Municipal Money
Market Fund, at a purchase price of $1.00 per share, (b) ten (10) Class VV -
Series 1 shares and ten (10) Class VV - Series 2 shares, all such shares
representing interests in the Trust's Florida Municipal Money Market Fund, at a
purchase price of $1.00 per share, and (c) ten (10) Class WW - Series 1 shares,
ten (10) Class WW - Series 2 shares and ten (10) Class WW - Series 3 shares, all
such shares representing interests in the Trust's Institutional Prime Money
Market Fund, at a purchase price of $1.00 per share, aggregating to seventy (70)
shares of beneficial interest in the Trust (such shares of beneficial interest
in the Trust being hereinafter collectively known as "Shares"). LFDI hereby
acknowledges purchase of the Shares and the Trust hereby acknowledges receipt
from LFDI of funds in the amount of $70.00 in full payment for the Shares.
2. LFDI represents and warrants to the Trust that the Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "The Galaxy Fund" and "Trustees of The Galaxy Fund"
refer respectively to the Trust created and the Trustees, as trustees but not
individually or personally, acting from time to time under a Declaration of
Trust dated March 31, 1986 which is hereby referred to and a copy of which is on
file at the office of the State Secretary of the Commonwealth of Massachusetts
and at the principal office of the Trust. The obligations of "The Galaxy Fund"
entered into in the name or on behalf thereof by any of the Trustees,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders or representatives of the
Trust personally, but bind only the Trust property, and all persons dealing with
any class of shares of the Trust must look solely to the Trust property
belonging to such class for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the ___ day of __________, 2002.
THE GALAXY FUND
By:
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Name: Xxxx X. X'Xxxxx
Title: President
LIBERTY FUNDS DISTRIBUTOR, INC.
By:
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Name:
Title:
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