University of Virginia Library

TRANSFER OF SECURITIES

The President reported that the State-Planters Bank of Commerce and Trusts of Richmond had
been having trouble in obtaining the transfer of securities registered in the name of The Rector
and Visitors of the University of Virginia to Hamac and Company, the street name and nominee of
the State-Planters Bank. The State-Planters Bank had therefore prepared a resolution and recommended
to the President that it be adopted by the Board, under the terms of which resolution
the Bank will continue to be responsible to the University for the actions of Hamac and Company
as provided in the agency agreement now existing between the University of Virginia and the
State-Planters Bank of Commerce and Trusts.

The following resolution was adopted

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the Rector or President or Comptroller, be and are hereby authorized on behalf of The

Rector and Visitors of the University of Virginia to assign and transfer any and all securities of
any company, corporation or association now or hereafter registered in the name of or belonging to
The Rector and Visitors of the University of Virginia to Hamac and Company, and be it further

RESOLVED, that the said companies, corporations and associations, their transfer agent or agents,
their registrar or registrars and their respective administrators, executors, successors and assigns,
be and hereby are authorized to treat Hamac and Company as holders in fact and owners of said shares
and certificates representing the same for any and all purposes including but not limited to the payment
or issuing of dividends in money or stock to said Hamac and Company, and be it further

RESOLVED, that the said companies, corporations and associations, their transfer agent or agents,
their registrar or registrars and their respective administrators, executors, successors and assigns,
be and hereby are absolved from any and all responsibility in following the said shares as being the
property of The Rector and Visitors of the University of Virginia.