ARTICLES SUPPLEMENTARY
GENERAL GOVERNMENT SECURITIES MONEY MARKET FUNDS, INC., a Maryland
corporation having its principal office in the State of Maryland at 300 East
Lombard Street, Baltimore, Maryland (hereinafter called the "Corporation"),
hereby certifies to the State Department of Assessments and Taxation of
Maryland that:
FIRST: The aggregate number of shares of Common Stock that the
Corporation has authority to issue is increased by three billion
(3,000,000,000) shares of Common Stock, $.01 par value per share, with an
aggregate par value of thirty million dollars ($30,000,000), all of which
shall be classified as shares of General Treasury Prime Money Market Fund
(the "Fund" and together with the other investment portfolios of the
Corporation, the "Funds"), of which one billion (1,000,000,000) of such
shares shall be Class A Common Stock, one billion (1,000,000,000) of such
shares shall be Class B Common Stock of the Fund, and one billion
(1,000,000,000) of such shares shall be Class X Common Stock.
SECOND: The shares of Class A Common Stock, Class B Common Stock
and Class X Common Stock of the Fund have the preferences, conversion and
other rights, voting powers, restrictions, limitations as to dividends,
qualifications and terms and conditions of redemption as set forth in
Article FIFTH of the Corporation's Charter and shall be subject to all
provisions of the Corporation's Charter relating to stock of the Corporation
generally, and to the following:
(1) As more fully set forth hereinafter, the assets and
liabilities and the income and expenses of the Class A, Class B and Class X
Common Stock of the Fund shall be determined separately from each other and
from the other investment portfolios of the Corporation and, accordingly,
the Fund's net asset value, dividends and distributions payable to holders,
and amounts distributable in the event of liquidation of the Fund or the
Corporation to holders of shares of the Fund's stock may vary from class to
class and from classes of other investment portfolios of the Corporation.
Except for these differences, and certain other differences hereinafter set
forth, each class of the Fund's stock shall have the same preferences,
conversation and other rights, voting powers, restrictions, limitations as
to dividends, qualifications and terms and conditions of redemption.
(2) Assets of the Fund attributable to the Class A, Class B and
Class X Common Stock of the Fund shall be invested in the same investment
portfolio of the Fund.
(3) The dividends and distributions of investment income and
capital gains with respect to each class of stock of the Fund shall be in
such amounts as may be declared from time to time by the Board of Directors,
and such dividends and distributions may vary between each class of stock of
the Fund to reflect differing allocations of the expenses of the Fund
between the classes and any resultant differences between the net asset
values per share of the classes, to such extent and for such purposes as the
Board of Directors may deem appropriate. The allocation of investment
income, capital gains and losses, and expenses and liabilities of the
Corporation between the classes shall be determined by the Board of
Directors in a manner that is consistent with applicable law.
(4) Except as may otherwise be required by law, the holders of
each class of stock of the Fund shall have (i) exclusive voting rights with
respect to any matter submitted to a vote of stockholders that affects only
holders of that particular class and (ii) no voting rights with respect to
any matter submitted to a vote of stockholders that does not affect holders
of that particular class.
THIRD: Immediately before the increase in the aggregate number of
shares as set forth in Article FIRST hereof, the Corporation was authorized
to issue sixteen billion (16,000,000,000) shares of stock designated as
shares of General Government Securities Money Market Fund, all of which were
shares of Common Stock, having a par value of one cent ($.01) each, and an
aggregate par value of one hundred sixty million dollars ($160,000,000),
consisting of fifteen billion (15,000,000,000) shares of Class A Common
Stock and one billion (1,000,000,000) shares of Class B Common Stock of
General Government Securities Money Market Fund.
FOURTH: As hereby increased and classified, the total number of
shares of stock which the Corporation has authority to issue is nineteen
billion (19,000,000,000) shares, all of which are shares of Common Stock,
with a par value of one cent ($.01) per share, having an aggregate par value
of one hundred ninety million dollars ($190,000,000), of which sixteen
billion (16,000,000,000) shares are classified as shares of General
Government Securities Money Market Fund and three billion (3,000,000,000)
shares are classified as shares of General Treasury Prime Money Market Fund.
Each of the two Funds has further classified its shares, consisting of
fifteen billion (15,000,000,000) Class A shares and one billion
(1,000,000,000) Class B shares with respect to General Government Securities
Money Market Fund and one billion (1,000,000,000) Class A shares, one
billion (1,000,000,000) Class B shares and one billion (1,000,000,000) Class
X shares with respect to General Treasury Prime Money Market Fund.
FIFTH: The Corporation is registered as an open-end investment
company under the Investment Company Act of 1940, as amended.
SIXTH: The Board of Directors of the Corporation increased the
total number of shares of capital stock that the Corporation has authority
to issue pursuant to Section 2-105(c) of the Maryland General Corporation
Law and classified the increased shares pursuant to authority provided in
the Corporation's Charter.
The undersigned Vice President acknowledges these Articles
Supplementary 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 with respect to authorization and approval set forth in these
Articles are true in all material respects and that this statement is made
under penalties of perjury.
IN WITNESS WHEREOF, General Government Securities Money Market
Funds, Inc. has caused these Articles Supplementary to be signed in its name
and on its behalf by its Vice President and witnessed by its Assistant
Secretary on the ___ day of October, 1999.
GENERAL GOVERNMENT SECURITIES
MONEY MARKET FUNDS, INC.
By: ____________________________________
Stephanie D. Pierce,
Vice President
Witness:
_______________________________
Elba Vasquez,
Assistant Secretary
