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<PAGE> PAGE 2
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<PAGE> PAGE 10
SIGNATURE S. ELLIOT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
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</TABLE>
Exhibit 77Q(1)(a)
FEDERATED GOVERNMENT INCOME SECURITIES, INC.
(formerly: Government Income Securities, Inc.)
Amendment #3
to the By-Laws
(effective February 23, 1998)
Delete Sections 1, 2, 3, 4 & 5 from Article IV, OFFICERS, and replace
with the following:
Section 1. GENERAL PROVISIONS. The Officers of the
Corporation shall be a President, one or more Vice
Presidents, a Treasurer, and a Secretary. The Board of
Directors, in its discretion, may elect or appoint a
Chairman of the Board of Directors and other Officers or
agents, including one or more Assistant Vice Presidents, one
or more Assistant Secretaries, and one or more Assistant
Treasurers. A Vice President, the Secretary or the
Treasurer may appoint an Assistant Vice President, an
Assistant Secretary or an Assistant Treasurer, respectively,
to serve until the next election of Officers. Two or more
offices may be held by a single person except the offices of
President and Vice President may not be held by the same
person concurrently. It shall not be necessary for any
Director or any Officer to be a holder of shares in any
Series or Class of the Corporation.
Section 2. ELECTION, TERM OF OFFICE AND QUALIFICATIONS.
The Officers shall be elected annually by the Board of
Directors at its Annual Meeting. Each Officer shall hold
office for one year and until the election and qualification
of his successor, or until earlier resignation or removal.
The Chairman of the Board of Directors, if there is one,
shall be elected annually by and from the Directors, and
serve until a successor is so elected and qualified, or
until earlier resignation or removal.
Section 3. REMOVAL. Any Officer elected by the Board of
Directors or whose appointment has been ratified by the
Board of Directors may be removed with or without cause at
any time by a majority vote of all of the Directors. Any
other employee of the Corporation may be removed or
dismissed at any time by the President.
Section 4. RESIGNATIONS. Any Officer may resign at any
time by giving written notice to the Board of Directors.
Any such resignation shall take effect at the time specified
therein or, if no time is specified, at the time of receipt.
Unless otherwise specified , the acceptance of such
resignation shall not be necessary to make it effective.
Section 5. VACANCIES. Any vacancy in any of the offices,
whether by resignation, removal or otherwise, may be filled
for the unexpired portion of the term by the President. A
vacancy in the office of Assistant Vice President may be
filled by a Vice President; in the office of by the
Secretary; or in the office of Assistant Treasurer by the
Treasurer. Any appointment to fill any vacancy shall serve
subject to ratification by the Board of Directors at its
next Regular Meeting.
Exhibit 77Q(1)(b)
Federated Government Income Securities, Inc.
Amendment #4
to the By-Laws
(effective February 27, 1998)
Delete Section 7 Proxies of Article I, Meetings of Shareholders, and
replace with the following:
Section 7. PROXIES. Any Shareholder entitled to vote at
any meeting of Shareholders may vote either in person or by
proxy, but no proxy which is dated more than eleven months
before the meeting named therein shall be accepted unless
otherwise provided in the proxy. Every proxy shall be in
writing and signed by the Shareholder or his duly authorized
agent or be in such other form as may be permitted by the
Maryland General Corporation Law, including electronic
transmissions from the shareholder or his authorized agent.
Authorization may be given orally, in writing, by telephone,
or by other means of communication. A copy, facsimile
transmission or other reproduction of the writing or
transmission may be substituted for the original writing or
transmission for any purpose for which the original
transmission could be used. Every proxy shall be dated, but
need not be sealed, witnessed or acknowledged. Where Shares
are held of record by more than one person, any co-owner or
co-fiduciary may appoint a proxy holder, unless the
Secretary of the Corporation is notified in writing by any
co-owner or co-fiduciary that the joinder of more than one
is to be required. All proxies shall be filed with and
verified by the Secretary or an Assistant Secretary of the
Corporation, or the person acting as Secretary of the
Meeting. Unless otherwise specifically limited by their
term, all proxies shall entitle the holders thereof to vote
at any adjournment of such meeting but shall not be valid
after the final adjournment of such meeting.
Exhibit 77Q(1)(c)
Federated Government Income Securities, Inc.
Amendment #5
to the By-Laws
(effective May 12, 1998)
Strike Section 3 - Place of Meetings from Article I - Meeting of
Shareholder and replace it with the following:
Section 3. PLACE OF MEETINGS. All meetings of the
Shareholders of the Corporation or a particular Series or
Class, shall be held at such place within or without the
State of Maryland as may be fixed by the Board of Directors.
