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San Francisco, California,

February 13th, 1908

UNION TRUST COMPANY OF SAN FRANCISCO hereby acknowledges receipt from the LELAND STANFORD JR UNIVERSITY of the following bonds which are to be forwarded to New York, by registered mail, insured as follows:

The NORTHERN RAILWAY OF CALIFORNIA 5% bonds to be insured for $1140. per bond, and the other bonds to be insured at par.

Bonds as follows:

NORTHERN RAILWAY OF CALIFORNIA $1000 bonds

1938 - 5% bonds

6 bonds numbered 1021 to 1026

2 bonds numbered 1139 to 1140

54 bonds numbered 1266 to 1319

42 bonds numbered 1383 to 1424

3 bonds numbered 1481 to 1483

33 bonds numbered 1532 to 1564

49 bonds numbered 1601 to 1649

13 bonds numbered 2438 to 2450

11 bonds numbered 2843 to 2853

25 bonds numbered 2611 to 2635

238 bonds

with coupons #43, due April [1, 6?] 1910, and all subsequent coupons attached.

250 UNION PACIFIC

1947 - 4% bonds $1000.

2 bonds numbered M 03778 to M 03779

1 bond numbered M 04179

1 bond numbered M 04512

1 bond numbered M 04514

1 bond numbered M 04517

2 bonds numbered M 05235 to M 05236

2 bonds numbered M 06854 to M 06855

12 bonds numbered M 06857 to M 06868

1 bond numbered M 07073

1 bond numbered M 07306

5 bonds numbered M 07805 to M 07809

2 bonds numbered M 08367 to M 08368

1 bond numbered M 08370

2 bonds numbered M 10469 to M 10470

4 bonds numbered M 11025 to M 11028

5 bonds numbered M 11253 to 11257

1 bond numbered M 11897

1 bond numbered M 11946

3 bonds numbered M 11997 to M 11999

2 bonds numbered M 12000 to M 12001

1 bond numbered M 12290

2 bonds numbered M 12668 to M 12669

1 bond numbered M 13676

9 bonds numbered M 13700 to M 13708

1 bond numbered M 13736

1 bond numbered M 14212

1 bond numbered M 14574

2 bonds numbered M 16414 to M 16415

5 bonds numbered M 20638 to M 20642

Forward _ 73

[notation] [CM?] [/notation]

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