ARTICLES OF AMENDMENT
General Municipal Bond Fund, Inc., a Maryland corporation having its
principal office in the State of Maryland in Baltimore, Maryland (hereinafter
called the "Corporation"), hereby certifies to the State Department of
Assessments and Taxation of Maryland that:
FIRST: The charter of the Corporation is hereby amended by reducing the par
value of each share of Common Stock of the Corporation as set forth in Article
FIFTH of the Articles of Incorporation (or elsewhere in the charter) to a par
value of one tenth of one cent ($.001) each and reducing the aggregate par value
of the Common Stock of the Corporation to $150,000.
SECOND: These Articles of Amendment were approved by at least a majority of
the entire Board of Directors of the Corporation and are limited to changes
expressly authorized by Section 2-605 of Title 2 of the Maryland General
Corporation Law to be made without action by the stockholders of the
Corporation.
The undersigned Vice President of the Corporation acknowledges these
Articles of Amendment to be the corporate act of the Corporation and states
that, to the best of such officer's knowledge, information and belief, the
matters and facts set forth in these Articles with respect to the authorization
and approval of the amendment of the Corporation's charter are true in all
material respects, and that this statement is made under the penalties of
perjury.
IN WITNESS WHEREOF, General Municipal Bond Fund, Inc. has
caused this instrument to be signed in its name and on its behalf by its
Vice President, and witnessed by its Assistant Secretary, on the 1Oth day of
December, 1999.
GENERAL MUNICIPAL BOND FUND, INC.
By:/s/Stephenie E. Pierce
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Stephanie D. Pierce,
Vice President
WITNESS:
/s/Elba Vazquez
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Elba Vasquez,
Assistant Secretary
