AGREEMENT AMONG INSUREDS TO PURSUANT RULE 17G-1
The undersigned registered management investment companies
and affiliated entities, named insureds under a joint insured
fidelity bond issued by ICI Mutual Insurance Company, pursuant
to the requirements of the Securities and Exchange Commission
set forth in paragraph (f) of Rule 17g-1 under the Investment
Company Act of 1940 (the "1940 Act") agree that in the event that
any recovery is received under the bond (or any rider, amendment,
extension, or renewal of the bond) as a result of a loss sustained
by a registered management investment company and one or more other
named insureds, the registered management investment company shall
receive an equitable and proportionate share of the recovery, but
at least equal to the amount which it would have received had it
provided and maintained a single insured bond with the minimum
coverage required by paragraph (d) (1) under Rule 17g-1 under the
1940 Act.
The undersigned registered management investment companies agree
among themselves that the amounts of the fidelity bond premiums
designated by the insurer as pertaining to investment company
insureds shall be allocated among the investment company insureds
named in the bond (or any rider, amendment, extension, or renewal
of the bond), in view of the net assets of such investment company
insureds, in accordance with the resolutions of the Boards of Trustees
of such investment company insureds. The undersigned registered
management investment companies represent that their respective Boards
of Trustees have observed the procedures specified in paragraph (e) of
Rule 17g-1 under the 1940 Act to approve the payment of their respective
portions of the fidelity bond premiums.
This Agreement shall be effective as of May 9, 1994, and may be amended.
assigned, or terminated only in accordance with the 1940 Act and the rules
and regulations thereunder. This Agreement may be executed in counterparts,
each of which shall be deemed an original.
All parties hereto agree that the obligations of this Agreement are not
personally binding upon the shareholders of any Massachusetts business trust.
In witness whereof, the parties hereto have caused this Agreement to be
executed by their officers and their seals to be hereunto affixed.
ATTEST: AQUILA MANAGEMENT CORPORATION
________________________ By:_________________________________
Xxxx X. Xxxxxxx Xxxx X. Xxxxxxxx
Treasurer President and Chairman
ATTEST: STCM MANAGEMENT COMPANY, INC.
_______________________ By:_________________________________
Xxxx X. Xxxxxxxx Xxxx X. Xxxxxxxx
Treasurer President and Chairman
ATTEST: AQUILA DISTRIBUTORS, INC.
__________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: AQUILA ROCKY MOUNTAIN EQUITY FUND
__________________________ By:________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: CAPITAL CASH MANAGEMENT TRUST
___________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: THE CASCADES TRUST
____________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: CASH ASSETS TRUST
____________________________ By: _________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: XXXXXXXXX CASH RESERVES TRUST
____________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: XXXXXXXXX TAX-FREE TRUST
___________________________ By:________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: HAWAIIAN TAX-FREE TRUST
___________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: NARRAGANSETTT INSURED TAX-FREE INCOME FUND
____________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: PRIME CASH FUND
____________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: SHORT TERM ASSET RESERVES
_____________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: TAX-FREE FUND FOR UTAH
______________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: TAX-FREE FUND OF COLORADO
_______________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
ATTEST: TAX-FREE TRUST OF ARIZONA
______________________________ By:_________________________________
Xxxxxxx X. XxxXxxxxxx Xxxx X. Xxxxxxxx
Assistant Secretary President and Chairman
