Exhibit 1(12)
PURCHASE AGREEMENT
The Galaxy Fund, a Massachusetts business trust (the "Trust"), and
Provident Distributors, Inc., a Delaware corporation ("PDI"), hereby agree with
each other as follows:
1. The Trust hereby offers PDI and PDI hereby purchases (a)
(i) ten (10) Class FF shares, each such share representing an interest in the
Trust's Institutional Money Market and (ii) ten (10) Class GG shares, each such
share representing an interest in the Trust's Institutional Treasury Money
Market, at a purchase price of $1.00 per Share, and (b) (i) one (1) Class II
share, such share representing an interest in the Trust's Florida Municipal Bond
Fund, (ii) one (1) Class JJ - Series I share, one (1) Class JJ - Series 2 shares
and one (1) Class JJ - Series 3 share, each such shares representing an interest
in the Trust's Intermediate Tax-Exempt Bond Fund, (iii) one (1) Class KK -
Series 1 share, one (1) Class KK - Series 2 share and one (1) Class KK - Series
3 share, each such share representing an interest in the Trust's Connecticut
Intermediate Municipal Bond Fund, (iv) one (1) Class LL - Series 1 share, one
(1) Class LL - Series 2 share and one (1) Class LL - Series 3 share, each such
share representing an interest in the Trust's Massachusetts Intermediate
Municipal Bond Fund; and (v) one (1) Class MM - Series 1 share, one (1) Class MM
- Series 2 share, one (1) Class MM - Series 3 share, and one (1) Class MM -
Series 4 share, each such share representing an interest in the Trust's Growth
Fund II, at a purchase price of $10.00 per share, aggregating to one-hundred
sixty (160) shares of beneficial interest in the Trust (such shares of
beneficial interest in the Trust being hereinafter collectively known as
"Shares"). PDI hereby acknowledges purchase of the Shares and the Trust hereby
acknowledges receipt from PDI of funds in the amount of $160 in full payment for
the Shares.
2. PDI represents and warrants to the Trust that the Shares
are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The names "The Galaxy Fund" and "Trustees of The Galaxy
Fund" refer respectively to the Trust created and the Trustees, as trustees but
not individually or personally, acting from time to time under a Declaration of
Trust dated March 31, 1986 which is hereby referred to and a copy of which is on
file at the office of the State Secretary of the Commonwealth of Massachusetts
and at the principal office of the Trust. The obligations of "The Galaxy Fund"
entered into in the name or on behalf thereof by any of the Trustees,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders or representatives of the
Trust personally, but bind only the Trust property, and all persons dealing with
any class of shares of the Trust must look solely to the Trust property
belonging to such class for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the ______ day of __________, 2000.
THE GALAXY FUND
By: ___________________
Xxxxxxx Xxxxxxxx
Vice President
PROVIDENT DISTRIBUTORS, INC.
By: ___________________
Xxxxxx X. Xxxxxxxxx
President
