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RESOLVED, That said bonds be discharged from registration
and be endorsed to bearer, and that Charles G. Lathrop, the
Treasurer of the Board of Trustees of the Leland Stanford
Junior University, be, and hereby he is, authorized,
empowered and directed to deliver said bonds to the
Northern Railway Company of California, 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.