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Northern Pacific Railway Company, or to its Transfer
Agents in the City of New York, State of New York, for
such discharge from registration or endorsement to
bearer;

And Be It Further Resolved; That said Charles G. Lathrop,
as such treasurer, is hereby constituted and appointed
the true and lawful attorney, irrevocably for and in the
name and stead of said The Board of Trustees of the
Leland Stanford Junior University, but to its use, to
bargain, sell, assign and transfer to bearer the said
bonds; and for that purpose to make and execute all
necessary acts of assignment and transfer, and to
execute and deliver all other papers necessary for that
purpose, and one or more persons to substitute with
like full power; and said Lathrop is hereby by these
resolutions further authorized and empowered to
irrevocably constitute and appoint such other person
or persons as he may select, the true and lawful
attorney, for said body corporate and in its name and
stead, but to its use, to sell, assign, transfer and make
over, the said bonds, and for that purpose to make and
execute all necessary acts of assignment and transfer
thereof, and to execute and deliver all other papers
necessary for that purpose, and to substitute one or
more persons with like power; hereby ratifying and
confirming all that said Charles G. Lathrop, said attorney
or attorneys, or any of said substitute or substitutes
or appointees, shall lawfully do by virtue hereof.