Xxxxxxxx Trust Company
Xxxxxx, Xxxxxxx 00000
Custody Agreement
for
C/Funds Group, Inc.
C/Fund Fund Series
Custody Agreement
THIS AGREEMENT is made between the parties named below:
CUSTOMER: C/Fund Fund Series
of C/Funds Group, Inc.
CUSTODIAN: Xxxxxxxx Trust Company
000 Xxxxxx Xxxx, Xxxxxx, XX 00000
Section 1 - Designation and Appointment of Custodian
The CUSTODIAN has been duly designated and appointed by the Board
of Directors of the CUSTOMER as the safekeeping agent for the
CUSTOMER's securities and similar investments. Therefore, the
CUSTOMER hereby appoints the CUSTODIAN to provide custodial and
related services to CUSTOMER.
Section 2 - Delivery and Ownership of Property
The CUSTOMER will deliver from time to time property acceptable
to CUSTODIAN to be held in accordance with the terms of this
agreement. The CUSTOMER is the owner of all property held
hereunder and CUSTODIAN is acting solely as an agent of the
CUSTOMER for the purposes set forth herein.
Section 3 - Authorized Access Persons
Two officers of the CUSTOMER, named in the "Corporate Resolution"
attached to this Agreement, are duly authorized and permitted by
the Board of Directors of the CUSTOMER to have access to property
of the CUSTOMER deposited with the CUSTODIAN. Access to property
so deposited shall be had only by two or more of such persons
jointly.
Section 4 - Investments
The CUSTODIAN is hereby empowered to invest, sell and/or reinvest
CUSTOMER's assets, securities or properties and to take delivery
or to deliver or to arrange for deliveries and receipts of such
assets securities or properties in the normal course of
performing all necessary duties hereunder, only upon instructions
from authorized representatives or agents of OMNIVEST RESEARCH
CORPORATION as the investment advisor to this fund series.
Instructions from authorized representatives or agents of the
CUSTOMER's investment advisor in regard to purchase, sale or
delivery of assets, securities or properties may, but need not
be, in writing and CUSTOMER assumes all risks resulting from
action taken by CUSTODIAN in good faith as a result of having
taken such instructions. CUSTODIAN shall not be required to
comply with any direction to purchase securities unless or until
there is sufficient cash or equivalents available for such
purpose, or with any direction to sell securities unless such
securities are held in or to the order of the Account at the time
in a form satisfactory to CUSTODIAN. Expenses incurred in
effecting any of the foregoing transactions shall be charged to
the Account unless the CUSTOMER makes provisions or gives
instructions otherwise. CUSTODIAN shall undertake the collection
of any item held as the same matures.
Section 5 - Income
The CUSTODIAN shall collect income on the property held
hereunder, pay expenses and make remittances as directed,
authorized or agreed, and/or reinvest income as CUSTOMER
instructs.
Section 6 - Statements
Periodically as mutually agreed, CUSTODIAN shall furnish to
CUSTOMER or to CUSTOMER's Investment Advisor, daily cash
balances, statements of assets and statements of all receipts and
disbursements and shall furnish annually data for the preceding
year to assist the CUSTOMER in preparing returns for income tax
purposes on the property held hereunder.
Section 7 - Nominee
CUSTODIAN may register all or any part of the property either in
the name of CUSTODIAN, or in any name or nominee, or may retain
them unregistered and in bearer form.
Section 8 - Payment of Taxes
The CUSTOMER is responsible for the payment of all taxes assessed
on or with respect to any property held hereunder and income
collected thereon and agrees to hold CUSTODIAN harmless therefor.
Section 9 - Compensation
The compensation of the Agent shall be at the Current Rate
Structure attached to this Agreement as Schedule A. Such
compensation of Agent shall be as mutually agreed from time to
time between Agent and CUSTOMER.
Section 10 - Withdrawal of Property and Termination of Agreement
The CUSTOMER may withdraw any and all property held hereunder
only upon presentation to CUSTODIAN of documentation satisfactory
to CUSTODIAN, authorizing such withdrawal or termination, it
being clearly established herein that it is the intent of this
provision to mean that any such withdrawal of assets, securities
or properties by CUSTOMER in kind or in cash is to made by
CUSTOMER's authorized officer or agent only upon presentation of
a resolution of CUSTOMER's Board of Directors, signed by all
directors of the CUSTOMER, with signatures attested to by the
Secretary of C/Funds Group, Inc., and signed under seal, with the
language in the resolution to explicitly authorize such specific
withdrawal or termination. The final withdrawal of all property
held hereunder shall terminate this agreement. CUSTODIAN shall
have the right to terminate this agreement at any time upon
giving the CUSTOMER written notice. CUSTODIAN shall deliver the
property as soon as practicable upon either a withdrawal or
termination, but prior to delivery may require re-registration of
any property held in its nominee form.
Section 11 - Authority of CUSTOMER
The CUSTOMER certifies that it has legal authority to enter into
this agreement. A certified copy of a resolution designating and
appointing the CUSTODIAN and stating the names of the officers
duly authorized to act on behalf of CUSTOMER, along with specimen
signatures of said officers, is attached hereto, and Agent shall
be authorized to accept instructions, as may be permitted in this
Agreement, from such named person or persons until receipt by it
of a certified copy of a new resolution conferring authority upon
another person or persons to act similarly.
Section 12 - Law Governing
The laws of the State of Florida shall govern the interpretation
of this agreement.
Section 13 - General
The CUSTOMER's tax identification number is: 00-0000000.
This agreement shall bind the respective successors and assigns
of the parties hereto for the period of January 1, 2000 through
December 31, 2000.
IN WITNESS WHEREOF, the CUSTOMER and CUSTODIAN have executed
this agreement in duplicate on the 22nd day of November, 1999.
Customer:
Attest: C/Fund Fund Series
C/Funds Group, Inc.
/signature/
By
Xxxxxx X. Xxxxxxxx, Xx.
President
Custodian:
Attest: Xxxxxxxx Trust Company
/signature/
By
Xxxxxx X. Xxxxxxxx
Chief Executive Officer
Schedule A
Custodian Compensation
November 22, 1999
Date
The current rate of compensation is .3% of portfolio market
value. This rate may be changed from time to time as mutually
agreed between the COMPANY and the CUSTODIAN.
Custody Agreement
for
C/Funds Group, Inc.
C/Growth Stock Fund Series
Custody Agreement
THIS AGREEMENT is made between the parties named below:
CUSTOMER: C/Growth Stock Fund Series
of C/Funds Group, Inc.
CUSTODIAN: Xxxxxxxx Trust Company
000 Xxxxxx Xxxx, Xxxxxx, XX 00000
Section 1 - Designation and Appointment of Custodian
The CUSTODIAN has been duly designated and appointed by the Board
of Directors of the CUSTOMER as the safekeeping agent for the
CUSTOMER's securities and similar investments. Therefore, the
CUSTOMER hereby appoints the CUSTODIAN to provide custodial and
related services to CUSTOMER.
Section 2 - Delivery and Ownership of Property
The CUSTOMER will deliver from time to time property acceptable
to CUSTODIAN to be held in accordance with the terms of this
agreement. The CUSTOMER is the owner of all property held
hereunder and CUSTODIAN is acting solely as an agent of the
CUSTOMER for the purposes set forth herein.
Section 3 - Authorized Access Persons
Two officers of the CUSTOMER, named in the "Corporate Resolution"
attached to this Agreement, are duly authorized and permitted by
the Board of Directors of the CUSTOMER to have access to property
of the CUSTOMER deposited with the CUSTODIAN. Access to property
so deposited shall be had only by two or more of such persons
jointly.
Section 4 - Investments
The CUSTODIAN is hereby empowered to invest, sell and/or reinvest
CUSTOMER's assets, securities or properties and to take delivery
or to deliver or to arrange for deliveries and receipts of such
assets securities or properties in the normal course of
performing all necessary duties hereunder, only upon instructions
from authorized representatives or agents of OMNIVEST RESEARCH
CORPORATION as the investment advisor to this fund series.
Instructions from authorized representatives or agents of the
CUSTOMER's investment advisor in regard to purchase, sale or
delivery of assets, securities or properties may, but need not
be, in writing and CUSTOMER assumes all risks resulting from
action taken by CUSTODIAN in good faith as a result of having
taken such instructions. CUSTODIAN shall not be required to
comply with any direction to purchase securities unless or until
there is sufficient cash or equivalents available for such
purpose, or with any direction to sell securities unless such
securities are held in or to the order of the Account at the time
in a form satisfactory to CUSTODIAN. Expenses incurred in
effecting any of the foregoing transactions shall be charged to
the Account unless the CUSTOMER makes provisions or gives
instructions otherwise. CUSTODIAN shall undertake the collection
of any item held as the same matures.
Section 5 - Income
The CUSTODIAN shall collect income on the property held
hereunder, pay expenses and make remittances as directed,
authorized or agreed, and/or reinvest income as CUSTOMER
instructs.
Section 6 - Statements
Periodically as mutually agreed, CUSTODIAN shall furnish to
CUSTOMER or to CUSTOMER's Investment Advisor, daily cash
balances, statements of assets and statements of all receipts and
disbursements and shall furnish annually data for the preceding
year to assist the CUSTOMER in preparing returns for income tax
purposes on the property held hereunder.
Section 7 - Nominee
CUSTODIAN may register all or any part of the property either in
the name of CUSTODIAN, or in any name or nominee, or may retain
them unregistered and in bearer form.
Section 8 - Payment of Taxes
The CUSTOMER is responsible for the payment of all taxes assessed
on or with respect to any property held hereunder and income
collected thereon and agrees to hold CUSTODIAN harmless therefor.
Section 9 - Compensation
The compensation of the Agent shall be at the Current Rate
Structure attached to this Agreement as Schedule A. Such
compensation of Agent shall be as mutually agreed from time to
time between Agent and CUSTOMER.
Section 10 - Withdrawal of Property and Termination of Agreement
The CUSTOMER may withdraw any and all property held hereunder
only upon presentation to CUSTODIAN of documentation satisfactory
to CUSTODIAN, authorizing such withdrawal or termination, it
being clearly established herein that it is the intent of this
provision to mean that any such withdrawal of assets, securities
or properties by CUSTOMER in kind or in cash is to made by
CUSTOMER's authorized officer or agent only upon presentation of
a resolution of CUSTOMER's Board of Directors, signed by all
directors of the CUSTOMER, with signatures attested to by the
Secretary of C/Funds Group, Inc., and signed under seal, with the
language in the resolution to explicitly authorize such specific
withdrawal or termination. The final withdrawal of all property
held hereunder shall terminate this agreement. CUSTODIAN shall
have the right to terminate this agreement at any time upon
giving the CUSTOMER written notice. CUSTODIAN shall deliver the
property as soon as practicable upon either a withdrawal or
termination, but prior to delivery may require re-registration of
any property held in its nominee form.
Section 11 - Authority of CUSTOMER
The CUSTOMER certifies that it has legal authority to enter into
this agreement. A certified copy of a resolution designating and
appointing the CUSTODIAN and stating the names of the officers
duly authorized to act on behalf of CUSTOMER, along with specimen
signatures of said officers, is attached hereto, and Agent shall
be authorized to accept instructions, as may be permitted in this
Agreement, from such named person or persons until receipt by it
of a certified copy of a new resolution conferring authority upon
another person or persons to act similarly.
Section 12 - Law Governing
The laws of the State of Florida shall govern the interpretation
of this agreement.
Section 13 - General
The CUSTOMER's tax identification number is: 00-0000000.
This agreement shall bind the respective successors and assigns
of the parties hereto for the period of January 1, 2000 through
December 31, 2000.
IN WITNESS WHEREOF, the CUSTOMER and CUSTODIAN have executed
this agreement in duplicate on the 22nd day of November, 1999.
Customer:
Attest: C/Growth Stock Fund Series
C/Funds Group, Inc.
/signature/
By
Xxxxxx X. Xxxxxxxx, Xx.
President
Custodian:
Attest: Xxxxxxxx Trust Company
/signature/
By
Xxxxxx X. Xxxxxxxx
Chief Executive Officer
Schedule A
Custodian Compensation
November 22, 1999
Date
The current rate of compensation is .3% of portfolio market
value. This rate may be changed from time to time as mutually
agreed between the COMPANY and the CUSTODIAN.
Custody Agreement
for
C/Funds Group, Inc.
C/Government Fund Series
Custody Agreement
THIS AGREEMENT is made between the parties named below:
CUSTOMER: C/Government Fund Series
of C/Funds Group, Inc.
CUSTODIAN: Xxxxxxxx Trust Company
000 Xxxxxx Xxxx, Xxxxxx, XX 00000
Section 1 - Designation and Appointment of Custodian
The CUSTODIAN has been duly designated and appointed by the Board
of Directors of the CUSTOMER as the safekeeping agent for the
CUSTOMER's securities and similar investments. Therefore, the
CUSTOMER hereby appoints the CUSTODIAN to provide custodial and
related services to CUSTOMER.
Section 2 - Delivery and Ownership of Property
The CUSTOMER will deliver from time to time property acceptable
to CUSTODIAN to be held in accordance with the terms of this
agreement. The CUSTOMER is the owner of all property held
hereunder and CUSTODIAN is acting solely as an agent of the
CUSTOMER for the purposes set forth herein.
Section 3 - Authorized Access Persons
Two officers of the CUSTOMER, named in the "Corporate Resolution"
attached to this Agreement, are duly authorized and permitted by
the Board of Directors of the CUSTOMER to have access to property
of the CUSTOMER deposited with the CUSTODIAN. Access to property
so deposited shall be had only by two or more of such persons
jointly.
Section 4 - Investments
The CUSTODIAN is hereby empowered to invest, sell and/or reinvest
CUSTOMER's assets, securities or properties and to take delivery
or to deliver or to arrange for deliveries and receipts of such
assets securities or properties in the normal course of
performing all necessary duties hereunder, only upon instructions
from authorized representatives or agents of OMNIVEST RESEARCH
CORPORATION as the investment advisor to this fund series.
Instructions from authorized representatives or agents of the
CUSTOMER's investment advisor in regard to purchase, sale or
delivery of assets, securities or properties may, but need not
be, in writing and CUSTOMER assumes all risks resulting from
action taken by CUSTODIAN in good faith as a result of having
taken such instructions. CUSTODIAN shall not be required to
comply with any direction to purchase securities unless or until
there is sufficient cash or equivalents available for such
purpose, or with any direction to sell securities unless such
securities are held in or to the order of the Account at the time
in a form satisfactory to CUSTODIAN. Expenses incurred in
effecting any of the foregoing transactions shall be charged to
the Account unless the CUSTOMER makes provisions or gives
instructions otherwise. CUSTODIAN shall undertake the collection
of any item held as the same matures.
Section 5 - Income
The CUSTODIAN shall collect income on the property held
hereunder, pay expenses and make remittances as directed,
authorized or agreed, and/or reinvest income as CUSTOMER
instructs.
Section 6 - Statements
Periodically as mutually agreed, CUSTODIAN shall furnish to
CUSTOMER or to CUSTOMER's Investment Advisor, daily cash
balances, statements of assets and statements of all receipts and
disbursements and shall furnish annually data for the preceding
year to assist the CUSTOMER in preparing returns for income tax
purposes on the property held hereunder.
Section 7 - Nominee
CUSTODIAN may register all or any part of the property either in
the name of CUSTODIAN, or in any name or nominee, or may retain
them unregistered and in bearer form.
Section 8 - Payment of Taxes
The CUSTOMER is responsible for the payment of all taxes assessed
on or with respect to any property held hereunder and income
collected thereon and agrees to hold CUSTODIAN harmless therefor.
Section 9 - Compensation
The compensation of the Agent shall be at the Current Rate
Structure attached to this Agreement as Schedule A. Such
compensation of Agent shall be as mutually agreed from time to
time between Agent and CUSTOMER.
Section 10 - Withdrawal of Property and Termination of Agreement
The CUSTOMER may withdraw any and all property held hereunder
only upon presentation to CUSTODIAN of documentation satisfactory
to CUSTODIAN, authorizing such withdrawal or termination, it
being clearly established herein that it is the intent of this
provision to mean that any such withdrawal of assets, securities
or properties by CUSTOMER in kind or in cash is to made by
CUSTOMER's authorized officer or agent only upon presentation of
a resolution of CUSTOMER's Board of Directors, signed by all
directors of the CUSTOMER, with signatures attested to by the
Secretary of C/Funds Group, Inc., and signed under seal, with the
language in the resolution to explicitly authorize such specific
withdrawal or termination. The final withdrawal of all property
held hereunder shall terminate this agreement. CUSTODIAN shall
have the right to terminate this agreement at any time upon
giving the CUSTOMER written notice. CUSTODIAN shall deliver the
property as soon as practicable upon either a withdrawal or
termination, but prior to delivery may require re-registration of
any property held in its nominee form.
Section 11 - Authority of CUSTOMER
The CUSTOMER certifies that it has legal authority to enter into
this agreement. A certified copy of a resolution designating and
appointing the CUSTODIAN and stating the names of the officers
duly authorized to act on behalf of CUSTOMER, along with specimen
signatures of said officers, is attached hereto, and Agent shall
be authorized to accept instructions, as may be permitted in this
Agreement, from such named person or persons until receipt by it
of a certified copy of a new resolution conferring authority upon
another person or persons to act similarly.
Section 12 - Law Governing
The laws of the State of Florida shall govern the interpretation
of this agreement.
Section 13 - General
The CUSTOMER's tax identification number is: 00-0000000.
This agreement shall bind the respective successors and assigns
of the parties hereto for the period of January 1, 2000 through
December 31, 2000.
IN WITNESS WHEREOF, the CUSTOMER and CUSTODIAN have executed
this agreement in duplicate on the 22nd day of November, 1999.
Customer:
Attest: C/Government Fund Series
C/Funds Group, Inc.
/signature/
By
Xxxxxx X. Xxxxxxxx, Xx.
President
Custodian:
Attest: Xxxxxxxx Trust Company
/signature/
By
Xxxxxx X. Xxxxxxxx
Chief Executive Officer
Schedule A
Custodian Compensation
November 22, 1999
Date
The current rate of compensation is .3% of portfolio market
value. This rate may be changed from time to time as mutually
agreed between the COMPANY and the CUSTODIAN.
Custody Agreement
for
C/Funds Group, Inc.
C/Community Association Reserve Fund Series
Custody Agreement
THIS AGREEMENT is made between the parties named below:
CUSTOMER: C/Community Association Reserve Fund Series
of C/Funds Group, Inc.
CUSTODIAN: Xxxxxxxx Trust Company
000 Xxxxxx Xxxx, Xxxxxx, XX 00000
Section 1 - Designation and Appointment of Custodian
The CUSTODIAN has been duly designated and appointed by the Board
of Directors of the CUSTOMER as the safekeeping agent for the
CUSTOMER's securities and similar investments. Therefore, the
CUSTOMER hereby appoints the CUSTODIAN to provide custodial and
related services to CUSTOMER.
Section 2 - Delivery and Ownership of Property
The CUSTOMER will deliver from time to time property acceptable
to CUSTODIAN to be held in accordance with the terms of this
agreement. The CUSTOMER is the owner of all property held
hereunder and CUSTODIAN is acting solely as an agent of the
CUSTOMER for the purposes set forth herein.
Section 3 - Authorized Access Persons
Two officers of the CUSTOMER, named in the "Corporate Resolution"
attached to this Agreement, are duly authorized and permitted by
the Board of Directors of the CUSTOMER to have access to property
of the CUSTOMER deposited with the CUSTODIAN. Access to property
so deposited shall be had only by two or more of such persons
jointly.
Section 4 - Investments
The CUSTODIAN is hereby empowered to invest, sell and/or reinvest
CUSTOMER's assets, securities or properties and to take delivery
or to deliver or to arrange for deliveries and receipts of such
assets securities or properties in the normal course of
performing all necessary duties hereunder, only upon instructions
from authorized representatives or agents of OMNIVEST RESEARCH
CORPORATION as the investment advisor to this fund series.
Instructions from authorized representatives or agents of the
CUSTOMER's investment advisor in regard to purchase, sale or
delivery of assets, securities or properties may, but need not
be, in writing and CUSTOMER assumes all risks resulting from
action taken by CUSTODIAN in good faith as a result of having
taken such instructions. CUSTODIAN shall not be required to
comply with any direction to purchase securities unless or until
there is sufficient cash or equivalents available for such
purpose, or with any direction to sell securities unless such
securities are held in or to the order of the Account at the time
in a form satisfactory to CUSTODIAN. Expenses incurred in
effecting any of the foregoing transactions shall be charged to
the Account unless the CUSTOMER makes provisions or gives
instructions otherwise. CUSTODIAN shall undertake the collection
of any item held as the same matures.
Section 5 - Income
The CUSTODIAN shall collect income on the property held
hereunder, pay expenses and make remittances as directed,
authorized or agreed, and/or reinvest income as CUSTOMER
instructs.
Section 6 - Statements
Periodically as mutually agreed, CUSTODIAN shall furnish to
CUSTOMER or to CUSTOMER's Investment Advisor, daily cash
balances, statements of assets and statements of all receipts and
disbursements and shall furnish annually data for the preceding
year to assist the CUSTOMER in preparing returns for income tax
purposes on the property held hereunder.
Section 7 - Nominee
CUSTODIAN may register all or any part of the property either in
the name of CUSTODIAN, or in any name or nominee, or may retain
them unregistered and in bearer form.
Section 8 - Payment of Taxes
The CUSTOMER is responsible for the payment of all taxes assessed
on or with respect to any property held hereunder and income
collected thereon and agrees to hold CUSTODIAN harmless therefor.
Section 9 - Compensation
The compensation of the Agent shall be at the Current Rate
Structure attached to this Agreement as Schedule A. Such
compensation of Agent shall be as mutually agreed from time to
time between Agent and CUSTOMER.
Section 10 - Withdrawal of Property and Termination of Agreement
The CUSTOMER may withdraw any and all property held hereunder
only upon presentation to CUSTODIAN of documentation satisfactory
to CUSTODIAN, authorizing such withdrawal or termination, it
being clearly established herein that it is the intent of this
provision to mean that any such withdrawal of assets, securities
or properties by CUSTOMER in kind or in cash is to made by
CUSTOMER's authorized officer or agent only upon presentation of
a resolution of CUSTOMER's Board of Directors, signed by all
directors of the CUSTOMER, with signatures attested to by the
Secretary of C/Funds Group, Inc., and signed under seal, with the
language in the resolution to explicitly authorize such specific
withdrawal or termination. The final withdrawal of all property
held hereunder shall terminate this agreement. CUSTODIAN shall
have the right to terminate this agreement at any time upon
giving the CUSTOMER written notice. CUSTODIAN shall deliver the
property as soon as practicable upon either a withdrawal or
termination, but prior to delivery may require re-registration of
any property held in its nominee form.
Section 11 - Authority of CUSTOMER
The CUSTOMER certifies that it has legal authority to enter into
this agreement. A certified copy of a resolution designating and
appointing the CUSTODIAN and stating the names of the officers
duly authorized to act on behalf of CUSTOMER, along with specimen
signatures of said officers, is attached hereto, and Agent shall
be authorized to accept instructions, as may be permitted in this
Agreement, from such named person or persons until receipt by it
of a certified copy of a new resolution conferring authority upon
another person or persons to act similarly.
Section 12 - Law Governing
The laws of the State of Florida shall govern the interpretation
of this agreement.
Section 13 - General
The CUSTOMER's tax identification number is: 00-0000000.
This agreement shall bind the respective successors and assigns
of the parties hereto for the period of January 1, 2000 through
December 31, 2000.
IN WITNESS WHEREOF, the CUSTOMER and CUSTODIAN have executed
this agreement in duplicate on the 22nd day of November, 1999.
Customer:
Attest: C/Community Association Reserve
Fund Series
C/Funds Group, Inc.
/signature/
By
Xxxxxx X. Xxxxxxxx, Xx.
President
Custodian:
Attest: Xxxxxxxx Trust Company
/signature/
By
Xxxxxx X. Xxxxxxxx
Chief Executive Officer
Schedule A
Custodian Compensation
November 22, 1999
Date
The current rate of compensation is .3% of portfolio market
value. This rate may be changed from time to time as mutually
agreed between the COMPANY and the CUSTODIAN.
