T. Rowe Price BALANCED Fund, INC.
T. Rowe Price TAX-Efficient Funds, INC.
on behalf of
T. Rowe Price Tax-EFFICIENT BALANCED FUND
limited Power of Attorney
RESOLVED, that the above Corporations do hereby constitute and authorize Edward C. Bernard, Joel H. Goldberg and David Oestreicher, and each of them individually, as their true and lawful attorneys-in-fact and agents to take any and all action and execute any a nd all instruments which said attorneys and agents may deem necessary or advisable to effect the reorganization of T. Rowe Price Tax-Efficient Balanced Fund ("Tax-Efficient Balanced Fund") into T. Rowe Price Balanced Fund, Inc. ("Balanced Fund"). Said attorneys-in-fact and agents are authorized to perform any and all acts necessary and appropriate with respect to the liquidation of Tax-Efficient Balanced Fund and the transfer of substantially all of its assets to Balanced Fund in exchange for shares of Balanced Fund, including but not limited to the following: signing the names of each of such directors and officers on his behalf to file with the Securities and Exchange Commission Form N-14 or Form N-1A and any amendments thereto, including all exhibits thereto and other documents in connection therewith; preparing, filing, and mailing of proxy materials; executing an Agreement and Plan of Reorganization between Tax-Efficient Balanced Fund and Balanced Fund; signing and filing any Articles of Amendment, Articles of Dissolution, or other necessary documents with the State of Maryland; and sign and perform each and every act necessary or required by the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, the Investment Company Act of 1940, as amended, or Maryland General Corporation Law.
RESOLVED, that any and all powers of attorney granted by the above Corporations and their directors and officers that are currently in effect hereby remain in full force and effect. Nothing in this grant of Power of Attorney shall be construed to interrupt, alter or revoke any of the powers granted to named attorneys and agents by the above Corporations and their directors and officers in the Power of Attorney dated April 22, 2009.
RESOLVED, that this Agreement may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original and both of which taken together will constitute one and the same agreement.
IN WITNESS WHEREOF, the above named Corporations have caused these presents to be signed and the same attested by its Secretary, each thereunto duly authorized by its Board of Directors, and each of the undersigned has hereunto set his hand and seal as of the day set opposite his name.
/s/Edward C. Bernard
Edward C. Bernard
|
Chairman of the Board
(Principal Executive Officer)
Director
|
May 14, 2009
|
/s/Gregory K. Hinkle
Gregory K. Hinkle
|
Treasurer
(Principal Financial Officer)
|
May 14, 2009
|
/s/Jeremiah E. Casey
Jeremiah E. Casey
|
Director
|
May 14, 2009
|
/s/Anthony W. Deering
Anthony W. Deering
|
Director
|
May 14, 2009
|
/s/Donald W. Dick, Jr.
Donald W. Dick, Jr.
|
Director
|
May 14, 2009
|
/s/Karen N. Horn
Karen N. Horn
|
Director
|
May 14, 2009
|
/s/Theo C. Rodgers
Theo C. Rodgers
|
Director
|
May 14, 2009
|
/s/Brian C. Rogers
Brian C. Rogers
|
Director
|
May 14, 2009
|
/s/John G. Schreiber
John G. Schreiber
|
Director
|
May 14, 2009
|
/s/Mark R. Tercek
Mark R. Tercek
|
Director
|
May 14, 2009
|
ATTEST:
/s/Patricia B. Lippert
Patricia B. Lippert, Secretary
edgagreementsPower of AttorneyTEG-BAL MergerPOA.fm
Power of Attorney
May 14, 2009
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