TRANSFER AGENT AGREEMENT
THIS AGREEMENT is made and entered into this 1st day of April, 1992, by and
between STATE FARM BALANCED FUND, INC., a Maryland corporation (hereinafter
referred to as the Fund) and State Farm Investment Management Corporation, a
Delaware corporation (hereinafter referred to as the Transfer Agent).
WITNESSETH:
In consideration of the mutual covenants hereinafter contained, the parties
to this AGREEMENT hereby agree as follows:
1. The Fund hereby appoints the Transfer Agent as its transfer agent and
dividend disbursing agent.
2. The Transfer Agent hereby accepts appointment as the Fund's transfer
agent and dividend disbursing agent.
3. The Transfer Agent shall perform all of the usual and ordinary
services as a transfer agent and dividend disbursing agent for no
consideration. A listing of such services is included on Exhibit A
which is attached to the Agreement and incorporated herein by this
reference.
4. The Transfer Agent shall perform such other extraordinary or unusual
services as directed by the Fund in exchange for payment by the Fund
in an amount to be mutually agreed upon in advance by the parties to
this Agreement.
5. This Agreement shall continue in effect until April 1, 1993, and from
year to year thereafter, but only so long as such continuance is
approved annually in a manner required by the Investment Company Act
of 1940.
IN WITNESS WHEREOF, the Fund and the Transfer Agent have caused this
Agreement to be executed in their names and on their behalf by their duly
authorized officers all on the day and year first above written.
STATE FARM BALANCED FUND, INC.
By: /s/ Xxxxxx X. Xxxx, Xx.
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Its: President
ATTEST: /s/ Xxxxx X. Xxxxxx
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Its: Secretary
STATE FARM INVESTMENT MANAGEMENT CORP.
By: /s/ Xxxxx Xxxxxx
--------------------------------
Its: Vice President & Treasurer
ATTEST: /s/ Xxxxx X. Xxxxxx
-------------------------
Its: Secretary
EXHIBIT A
1. Opening, maintaining and safeguarding all shareowner accounts;
2. Changing names and addresses;
3. Receiving subsequent investment payments, and purchasing and crediting
shares to proper accounts;
4. Preparing and mailing historical-type confirmations of each transaction
(including initial purchase) to shareowners;
5. Preparing and mailing annual record of investment to each shareowner;
6. Addressing, enclosing and mailing quarterly, semi-annual and annual reports
to shareowners (provided they are of a size suitable for enclosing on an
automatic enclosing machine);
7. Preparing annual shareowner meeting lists in duplicate on all accounts;
preparing and mailing of proxies, notices and return envelopes; receiving
and tabulating proxies and reporting total shares voted;
8. Preparing and mailing an annual statement of dividends paid for each
shareowner account;
9. Preparing and filing all required tax returns and forms; expand to cover
all 1099 reporting including recipient statements;
10. Effecting dividend orders or special payment instructions upon receipt of
proper authorization;
11. Replacing dividend checks lost upon receipt of proper affidavits.
12. Effecting stock transfers; examining stock powers and certificates
surrendered for transfer; passing on the validity of the transfer,
endorsements and signature guarantees; checking stock transfers; cancelling
surrendered certificates;
13. Issuing and delivering certificates withdrawn from a shareowner's account
and receiving and redepositing certificates to a shareowner's account; and,
14. Payment of each dividend and/or capital gain distribution whether paid in
cash or reinvested and mailing a check or confirmation to each shareowner;
15. Furnishing transcripts of account to investors.
