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CABLE ADDRESS
"COUNSELLOR"
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TELEX 127053
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TELECOPIER
(000) 000-0000
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BATTLE XXXXXX
A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS
000 XXXX XXXXXX
XXX XXXX, XX 00000
(000) 000-0000
WRITER'S DIRECT DIAL NUMBER
February 23, 1987
Michigan Daily Tax Free
Income Fund, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Gentlemen:
We have acted as counsel to Michigan Daily Tax Free Income Fund, Inc., a
Maryland corporation (the "Fund"), in connection with the preparation and filing
of Registration Statement No. 33-11642 on Form N-1A and all amendments thereto
(the "Registration Statement") covering shares of Common Stock, par value $.001
per share, of the Fund.
We have examined copies of the Articles of Incorporation and By-Laws of the
Fund, the Registration Statement, and such other corporate records, proceedings
and documents, including the consent of the Board of Directors and the minutes
of the meeting of the Board of Directors of the Fund, as we have deemed
necessary for the purpose of this opinion. We have also examined such other
documents, papers, statutes and authorities as we deemed necessary to form a
basis for the opinion hereinafter expressed. In our examination of such
material, we have assumed the genuineness of all signatures and the conformity
to original documents of all copies submitted to us. As to various questions of
fact material to such opinion, we have relied upon statements and certificates
of officers and representatives of the Fund and others.
Based upon the foregoing, we are of the opinion that the shares of Common
Stock, par value $.001 per share, of the Fund, to be issued in accordance with
the terms of the offering, as set forth in the Prospectus and Statement of
Additional Information included as part of the Registration Statement, and in
accordance with applicable state securities laws, when so issued and paid for,
will constitute validly authorized and legally issued shares of Common Stock,
fully paid and non-assessable.
1
Michigan Daily Tax Free Page 2
Income Fund, Inc.
February 23, 1987
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us in the Registration Statement
under the heading "Federal Income Taxes" in the Prospectus and in the Statement
of Additional Information, and under the heading "Counsel and Auditors" in the
Statement of Additional Information.
Very truly yours,
/s/ Battle Xxxxxx
