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EXHIBIT (a)(17)
EXCELSIOR FUNDS, INC.
ARTICLES SUPPLEMENTARY
Excelsior Funds, Inc., a Maryland corporation having its principal
office in the City of Baltimore, Maryland (hereinafter called the "Company"),
hereby certifies to the State Department of Assessments and Taxation of Maryland
that:
FIRST: Pursuant to Section 2-208 of the Maryland General Corporation
Law, the Board of Directors of the Company has classified 2,000,000,000 of the
unissued shares of the Company's Common Stock pursuant to the following
resolutions:
RESOLVED, that pursuant to the authority expressly given to the
Board in Article VI of the Company's Articles of Incorporation (the
"Charter"), the Board hereby classifies an additional One Billion
(1,000,000,000) of the Company's authorized but unissued and
unclassified shares as Class A Common Stock (with an aggregate par
value of One Million Dollars ($1,000,000));
FURTHER RESOLVED, that each share of Class A Common Stock shall
have all the preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications, and terms
and conditions of redemption as set forth in the Company's Charter;
FURTHER RESOLVED, that pursuant to the authority expressly given
to the Board in Article VI of the Company's Charter, the Board hereby
classifies an additional One Billion (1,000,000,000) of the Company's
authorized but unissued and unclassified shares as Class B Common
Stock (with an aggregate par value of One Million Dollars
($1,000,000));
FURTHER RESOLVED, that each share of Class B Common Stock shall
have all the preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications, and terms
and conditions of redemption as set forth in the Company's Charter;
SECOND: The shares of Class A Common Stock and Class B Common Stock of
the Company classified pursuant to the resolutions set forth in Article FIRST of
these Articles
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Supplementary have been classified by the Company's Board of Directors under the
authority contained in the Charter of the Company.
THIRD: These Articles Supplementary do not increase the total
number of shares that the Company is authorized to issue or the aggregate par
value thereof. The total number of shares of capital stock which the Company is
presently authorized to issue remains Thirty-Five Billion (35,000,000,000)
shares of capital stock of the par value of One Mill ($0.001) per share and of
the aggregate par value of Thirty-Five Million Dollars ($35,000,000), classified
or remaining unclassified as follows:
Class A Common Stock: Three Billion (3,000,000,000) shares of
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capital stock of the Company of the par value of One Mill ($0.001) per
share and of the aggregate par value of Three Million Dollars
($3,000,000);
Class A Common Stock -- Special Series 1: One Billion
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(1,000,000,000) shares of capital stock of the Company of the par
value of One Mill ($0.001) per share and of the aggregate par value of
One Million Dollars ($1,000,000);
Class B Common Stock: Three Billion (3,000,000,000) shares of
--------------------
capital stock of the Company of the par value of One Mill ($0.001) per
share and of the aggregate par value of Three Million Dollars
($3,000,000);
Class B Common Stock -- Special Series 1: One Billion
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(1,000,000,000) shares of capital stock of the Company of the par
value of One Mill ($0.001) per share and of the aggregate par value of
One Million Dollars ($1,000,000);
Class C Common Stock: Seven Hundred Fifty Million (750,000,000)
--------------------
shares of capital stock of the Company of the par value of One Mill
($0.001) per share and of the aggregate par value of Seven Hundred
Fifty Thousand Dollars ($750,000);
Class C Common Stock -- Special Series 1: One Billion
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(1,000,000,000) shares of capital stock of the Company of the par
value of One Mill ($0.001) per share and of the aggregate par value of
One Million Dollars ($1,000,000);
Class C Common Stock -- Special Series 2: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class D Common Stock: Three Hundred Seventy Five Million
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(375,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share
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and of the aggregate par value of Three Hundred Seventy Five Thousand
Dollars ($375,000);
Class D Common Stock -- Special Series 1: Three Hundred Seventy
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Five Million (375,000,000) shares of capital stock of the Company of
the par value of One Mill ($0.001) per share and of the aggregate par
value of Three Hundred Seventy Five Thousand Dollars ($375,000);
Class F Common Stock: Three Hundred Seventy Five Million
--------------------
(375,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Three
Hundred Seventy Five Thousand Dollars ($375,000);
Class F Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class G Common Stock: Two Billion (2,000,000,000) shares of
--------------------
capital stock of the Company of the par value of One Mill ($0.001) per
share and of the aggregate par value of Two Million Dollars
($2,000,000);
Class G Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class H Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class H Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class I Common Stock: Five Hundred Million (500,000,000) shares
---------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class I Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class J Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
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Class J Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class K Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class K Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class L Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class L Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class M Common Stock: Five Hundred Million (500,000,000)
--------------------
shares of capital stock of the Company of the par value of One Mill
($0.001) per share and of the aggregate par value of Five Hundred
Thousand Dollars ($500,000);
Class M Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class N Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class N Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class N Common Stock -- Special Series 2: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class O Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
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Class O Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class P Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class P Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class Q Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class Q Common Stock -- Special Series 1: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class R Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class R Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class S Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class S Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class T Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class T Common Stock -- Special Series 1: Five Hundred Million
----------------------------------------
(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
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Class T Common Stock -- Special Series 2: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class U Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class U Common Stock -- Special Series 2: Five Hundred Million
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(500,000,000) shares of capital stock of the Company of the par value
of One Mill ($0.001) per share and of the aggregate par value of Five
Hundred Thousand Dollars ($500,000);
Class V Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000);
Class W Common Stock: Five Hundred Million (500,000,000) shares
--------------------
of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000); and
Class X Common Stock: Five Hundred Million (500,000,000) shares
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of capital stock of the Company of the par value of One Mill ($0.001)
per share and of the aggregate par value of Five Hundred Thousand
Dollars ($500,000).
The total number of authorized and unclassified shares of capital
stock of the Company remaining after the actions described above is Four Billion
One Hundred Twenty-Five Million (4,125,000,000) shares of capital stock of the
par value of One Mill ($0.001) per share and of the aggregate par value of Four
Million One Hundred Twenty-Five Thousand Dollars ($4,125,000).
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IN WITNESS WHEREOF, Excelsior Funds, Inc. has caused these presents to
be signed in its name and on its behalf by its President and attested to by its
Assistant Secretary as of July 17, 2000.
EXCELSIOR FUNDS, INC.
By: /s/ Frederick S. Wonham
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Frederick S. Wonham
President
WITNESS:
/s/ Michael P. Malloy
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Michael P. Malloy
Assistant Secretary
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CERTIFICATE
THE UNDERSIGNED, President of EXCELSIOR FUNDS, INC., who executed on
behalf of said Corporation the attached Articles Supplementary of said
Corporation, of which this Certificate is made a part, hereby acknowledges, in
the name and on behalf of said Corporation, the attached Articles Supplementary
to be the corporate act of said Corporation, and certifies that to the best of
his knowledge, information and belief the matters and facts set forth in the
attached Articles Supplementary with respect to authorization and approval are
true in all material respects under the penalties for perjury.
/s/ Frederick S. Wonham
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Frederick S. Wonham
President
Dated as of: July 17, 2000
