University of Virginia Library

PRESIDENT AUTHORIZED TO SELL GOVERNMENT SECURITIES

The following resolution was adopted.

RESOLVED, That Colgate W. Darden, Jr., President, is hereby authorized and empowered to
sell and assign any and all United States securities of any description now or hereafter registered
on the books of the Treasury Department and registered securities with respect to which the Treasury
Department acts as the transfer agency in the name of University of Virginia, or The Rector and
Visitors of the University of Virginia, or which may now or hereafter be assigned to it.

AND IT IS FURTHER RESOLVED, That any and all assignments of any such securities registered
in the name of, or assigned to, this corporation heretofore or hereafter made by the above-named
officer, are hereby ratified and confirmed.