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Title:

Bylaws

Entities:

Putnam Utilities Growth & Income Fund

Date:

2006

Size:

58KB total

Price:

$44

ID:

#2532298

 

 

► Corporate ► Bus. Formation ► Bylaws

 

 

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BY-LAWS

OF

T. ROWE PRICE HIGH YIELD FUND, INC.

AS AMENDED:

JANUARY 21, 1988

APRIL 20, 1990

JULY 1, 1991

JULY 20, 1993

JANUARY 18, 1994

JULY 21, 1999

OCTOBER 16, 2002

FEBRUARY 5, 2003

APRIl 21, 2004

FEBRUARY 8, 2005


TABLE OF CONTENTS

Page

ARTICLE I.NAME OF CORPORATION, LOCATION OF OFFICES AND

SEAL 1

1.01.Name 1

1.02.Principal Office 1

1.03.Seal 1

ARTICLE II.SHAREHOLDERS 1

2.01.Annual Meetings1

2.02.Special Meetings 2

2.03.Place of Meetings 2

2.04.Notice of Meetings 2

2.05.Voting In General3

2.06.Shareholders Entitled to Vote 3

2.07.Voting Proxies 3

2.08.Quorum 4

2.09.Absence of Quorum 4

2.10.Stock Ledger and List of Shareholders 4

2.11.Informal Action by Shareholders 4

ARTICLE III.BOARD OF DIRECTORS 4

3.01.Number and Term of Office 4

3.02.Qualification of Directors 5

3.03.Election of Directors 5

3.04.Removal of Directors 5

3.05.Vacancies and Newly Created Directorships 5

3.06.General Powers 6

3.07.Power to Issue and Sell Stock 6

3.08.Power to Declare Dividends 6

3.09.Annual and Regular Meetings 7

3.10.Special Meetings 7

3.11.Notice 7

3.12.Waiver of Notice 7

3.13.Quorum and Voting 7

3.14.Conference Telephone 7

- i -


3.15.Compensation 8

3.16.Action Without a Meeting 8

3.17.Director Emeritus 8

ARTICLE IV.EXECUTIVE COMMITTEE AND OTHER COMMITTEES 8

4.01.How Constituted 8

4.02.Powers of the Executive Committee 8

4.03.Other Committees of the Board of Directors 9

4.04.Proceedings, Quorum and Manner of Acting 9

4.05.Other Committees 9

ARTICLE V.OFFICERS 9

5.01.General 9

5.02.Election, Term of Office and Qualifications 9

5.03.Resignation 10

5.04.Removal 10

5.05.Vacancies and Newly Created Offices 10

5.06.Chairman of the Board 10

5.07.President 10

5.08.Vice President 11

5.09.Treasurer and Assistant Treasurers11

5.10.Secretary and Assistant Secretaries11

5.11.Subordinate Officers12

5.12.Remuneration12

ARTICLE VI.CUSTODY OF SECURITIES AND CASH12

6.01.Employment of a Custodian12

6.02.Central Certificate Service12

6.03.Cash Assets12

6.04.Free Cash Accounts13

6.05.Action Upon Termination of Custodian Agreement13

ARTICLE VII.EXECUTION OF INSTRUMENTS, VOTING OF SECURITIES13

7.01.Execution of Instruments13

7.02.Voting of Securities13

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ARTICLE VIII.CAPITAL STOCK14

8.01.Ownership of Shares14

8.02.Transfer of Capital Stock14

8.03.Transfer Agents and Registrars14

8.04.Transfer Regulations14

8.05.Fixing of Record Date15

8.06.Lost, Stolen or Destroyed Certificates15

ARTICLE IX.FISCAL YEAR, ACCOUNTANT15

9.01.Fiscal Year15

9.02.Accountant16

ARTICLE X.INDEMNIFICATION AND INSURANCE16

10.01.Indemnification and Payment of Expenses in Advance16

10.02.Insurance of Officers, Directors, Employees and Agents18

ARTICLE XI.AMENDMENTS18

11.01.General18

11.02.By Shareholders Only18

ARTICLE XII.MISCELLANEOUS19

12.01.Use of the Term "Annual Meeting"19

- iii -


T. ROWE PRICE HIGH YIELD FUND, INC.

(A Maryland Corporation)

BY-LAWS

ARTICLE I

NAME OF CORPORATION,

LOCATION OF OFFICES AND SEAL

Section 1.01.Name: The name of the Corporation is T. ROWE PRICE HIGH YIELD FUND, INC.

Section 1.02.Principal Office: The principal office of the Corporation in the State of Maryland shall be located in the City of Baltimore. The Corporation may, in addition, establish and maintain such other offices and places of business, within or outside the State of Maryland, as the Board of Directors may from time to time determine. [ MGCL, Sections 2-103(4), 2-108(a)(1) ]

 

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