University of Virginia Library

STOCK TRANSFER

Mr. Darden stated that the University had received from the U. S. Trust Company four
shares of Consolidated Edison stock, representing a distribution from the David Randall-MacIver
Trust which was occasioned by the falling in of a portion of the trust which was held for the benefit
of Helen Mason Chase. The following resolution was adopted authorizing the transfer of this stock
to the Consolidated Endowment holdings administered by the State-Planters Bank and Trust Company.

RESOLVED, that Colgate W. Darden, Jr., President, and Vincent Shea, Secretary, be and they
are hereby authorized in the name and on behalf of the University of Virginia to sell, assign, and
transfer four (4) shares of the $5.00 cumulative preferred stock of Consolidated Edison Company of
New York, Inc., represented by Certificate Number 156177 standing in the name of University of
Virginia, a public corporation, unto Hamac and Company,

And be it further -

RESOLVED, that the aforementioned company and/or corporation, its transfer agent or
agents, its registrar or registrars, its successors or assigns, be and they are hereby authorized
to treat Hamac and Company as the holder in fact and owner 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 aforementioned company and/or corporation, its transfer agent or
agents, its registrar or registrars, and its respective successors and assigns, be and they are
hereby absolved from any and all responsibility in following the said shares and certificates as
being the property of the University of Virginia.