EX-99.B5-mbassign
Assignment
Xxxxxxx & Xxxx, Inc. ("W&R") does hereby assign, transfer and convey, and United
Municipal Bond Fund, Inc. ("Fund") does hereby consent to the assignment,
transfer and conveyance of, effective January 8, 1992, the Investment Management
Agreement between W&R and the Fund, dated August l, 1990, to Xxxxxxx & Xxxx
Investment Management Company ("WRIMCO"), a wholly owned subsidiary of W&R. W&R
has provided certain undertakings, agreements and guarantees in connection with
this assignment as provided in the Guarantee of Performance attached hereto as
Exhibit A.
Executed this 8th day of January, 1992.
Xxxxxxx & Xxxx, Inc.
By: Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, President
United Municipal Bond Fund, Inc.
By Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, President
Accepted:
Xxxxxxx & Xxxx Investment Management Company
By Xxxxxx X. XxXxxxxxx
Xxxxxx X. XxXxxxxxx, Xx. Vice President
Guarantee of Performance
In consideration of each of the Funds' listed in Exhibit A hereto consent to the
assignment by Xxxxxxx & Xxxx, Inc., of the Investment Management Agreement
between Xxxxxxx & Xxxx, Inc., and the particular Fund to Xxxxxxx & Xxxx
Investment Management Company ("WRIMCO"), a wholly owned subsidiary of Xxxxxxx &
Xxxx, Inc., Xxxxxxx & Xxxx, Inc. hereby undertakes and agrees that at all times
WRIMCO shall be staffed and adequately supported to assure that WRIMCO is fully
capable of carrying out any and all of its obligations, duties and
responsibilities under the Investment Management Agreements assigned to it and
hereby further guarantees that WRIMCO shall perform its obligations, duties and
responsibilities in accordance with the terms of the several Investment
Management Agreements and in accordance with all applicable Federal laws and
regulations.
Dated this 11th day of December, 1991.
Xxxxxxx & Xxxx, Inc.
By: Xxxxxx X. XxXxxxxxx
Xxxxxx X. XxXxxxxxx
Senior Vice President
EXHIBIT A
United Funds, Inc.
United Bond Fund
United Income Fund
United Accumulative Fund
United Science & Energy Fund
United Municipal Bond Fund, Inc.
United Municipal High Income Fund, Inc.
United Government Securities Fund, Inc.
United Vanguard Fund, Inc.
United High Income Fund, Inc.
United Cash Management, Inc.
United Retirement Shares, Inc.
United High Income Fund II, Inc.
United High Income Fund, Inc.
United Gold & Government Fund, Inc.
United Continental Income Fund, Inc.
United International Growth Fund, Inc.
TMK/United Funds, Inc.
Bond Portfolio
Growth Portfolio]
High Income Portfolio
Income Portfolio
Money Market Portfolio
