06-20-07 FPAC Minutes - Laserfiche WebLink

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• The name. "The Minnesota Municipal Money Market Fund" is the designation of the Trust under the Declaration of Trust. The Declaration of Trust is filed in the Office of the Secretary of State of Minnesota and provides that the name of the Fund refers to the Participants jointly in such capacity and not personally or as individuals. All persons dealing with a Fund must look solely to the property of such Fund for the enforcement of any claims against the Trust with respect to such Fund, since neither the Trustees, officers, agents, nor Participants assume any personal liability for obligations entered into on behalf of a Fund. FIXED RATE PROGRAM The League of Minnesota Cities has endorsed RBC Dain Rauscher as a dealer and provider of various fixed income securities (including Certificates of Deposit and various other fixed rate instruments) and related financial services to the Participants. As a condition to the League's endorsement of RBC Dain Rauscher for this program, RBC Dain Rauscher has agreed that its compensation in connection with any trade shall not exceed 0.25% of the total purchase price of each fixed rate security. Of the amount so received, RBC Damn Rauscher has agreed to pay the League of Minnesota Cities an amount generally equal to 0.03% of the total purchase price of each fixed rate security. Any Participant that also wishes to participate in the Fixed Rate Program should contact Pat Harris of Voyageur Asset Management at (612) 376-7017 or toll free at (800) 553-2143. Other than the eligibility of Participants to participate in this fixed rate investment program with RBC Damn Rauscher, the fixed rate program is unrelated to the Trust. • • -13-