EXHIBIT 1(g)
MUTUAL OF AMERICA INSTITUTIONAL FUNDS, INC.
ARTICLES SUPPLEMENTARY
Mutual of America Institutional Funds, Inc., a Maryland corporation (the
Corporation), with its principal office c/o The Corporation Trust Incorporated,
300 East Lombard Street, Baltimore, Maryland 21202, hereby certifies to the
State Department of Assessments and Taxation of Maryland that:
FIRST: The total number of shares of capital stock of all classes that the
Corporation has authority to issue is one billion (1,000,000,000) shares of
common stock, par value $.01 per share, with an aggregate par value of ten
million dollars ($10,000,000).
SECOND: Pursuant to authority vested in the Board of Directors of the
Corporation by Article V of the Articles of Incorporation of the Corporation
(the Articles) and resolutions adopted by the Board of Directors at meetings
duly held, including resolutions adopted on May 1, 2000 relating to the Mid-Cap
Equity Index and the Aggressive Equity Funds, the Board of Directors has duly
designated the following classes of shares and allocated authorized common stock
as follows:
All America Fund -25 million shares Aggressive Equity Fund -10 million shares
Equity Index Fund-15 million shares Mid-Cap Equity Index Fund-10 million shares
Bond Fund -15 million shares Money Market Fund -15 million shares
The relative preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications and terms and
conditions of redemption of such classes are as set forth in paragraph (b) of
Section 1 of Article V of the Articles.
THIRD: Pursuant to authority vested in the Board of Directors of the
Corporation by Article V of the Articles and resolutions adopted by the Board of
Directors at meetings duly held, the Board of Directors has authorized
allocation of such additional shares of common stock of each of the Funds, with
the same relative preferences and other rights as then outstanding shares of
such classes as set forth in paragraph (b) of Section 1 of Article V of the
Articles, as are necessary from time to time to permit the issuance of shares
required on a daily basis in the operation of each of the Funds, and the Board
has authorized the officers of the Corporation to specify the amount of such
additional shares as needed, with a report thereon to be made at the next
regularly scheduled meeting of the Board of Directors.
IN WITNESS WHEREOF, the President of the Corporation has signed these
Articles Supplementary in the Corporation's name and on its behalf and
acknowledges that these Articles Supplementary are the act of the Corporation,
and states that to the best of her knowledge, information and belief all matters
and facts set forth therein relating to the authorization and approval of the
Articles Supplementary are true in all material respects and that this statement
is made under the penalties of perjury.
Dated: August 14, 2000
MUTUAL OF AMERICA
INSTITUTIONAL FUNDS, INC.
Attest:
By:
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Dolores J. Morrissey, President
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Stanley M. Lenkowicz, Secretary
(seal)
