CERTIFICATE OF ELECTION OF
YOSEMITE VALLEY RAILWAY COMPANY
TO WIND UP AND DISSOLVE

xxxxxxxxxxxxxx The undersigned, A. R. Anderson and Hector C. Haight, do hereby certify that they are and have been at all times herein mentioned, respectively, the duly elected and acting President and Secretary of the Yosemite Valley Railway Company, a California corporation; and they do hereby further certify and state

xxxxxxxxxxxxxx 1.xxx That said corporation has elected to wind up and dissolve; and

xxxxxxxxxxxxxx 2. xxx That shareholders of said corporation holding 1707.05 shares thereof, representing a majority Or the voting power Or said corporation, duly adopted the following resolutions at a special meeting of the shareholders of said corporation held at two o'clock P. M., Monday, December 23, 1946, at 935 I. N. Van Nuys Building, 210 West 7th Street, Los Angeles, California, and thereby commenced proceedings for the winding up of said corporation:

xxxxxxxxxxxxxx "WHEREAS, it is deemed advisable and for the best interests of the shareholders of this corporation that the corporation wind up its affairs ar.d voluntarily dissolve,

xxxxxxxxxxxxxx NOW, THEREFORE, be it resolved that this corporation and its shareholders hereby elect to wind up its affairs and voluntarily dissolve;

xxxxxxxxxxxxxx RESOLVED FURTHER, that the officers and directors of this corporation be and they hereby are authorized and directed to rile the certificate and give the written notice required by sections 400 and 400a, respectively, of the California Civil Code;

xxxxxxxxxxxxxx RESOLVED FURTHER, that the officers and directors of this corporation be end they hereby are authorized and directed to take such further action as may be necessary or proper to wind up the affairs of this corporation and to dissolve it."

xxxxxxxxxxxxxx 3. xxx That the total number of issued and outstanding shares of said corporation entitled to vote is 1761.

xxxxxxxxxxxxxx IN WITNESS WHEREFORE, the undersigned have executed this certificate this 31st day of December, 1946.

xxxxxxxxxxxxxxxxxxxxxx Signed A. R. ANDERSON
xxxxxxxxxxxxxxxxxxxxxx A. R. ANDERSON, President of
xxxxxxxxxxxxxxxxxxxxxx Yosemite Valley Railway Company

xxxxxxxxxxxxxxxxxxxxxx Signed HECTOR C. HAIGHT
xxxxxxxxxxxxxxxxxxxxxx HECTOR C. HAIGHT, Secretary of
xxxxxxxxxxxxxxxxxxxxxx Yosemite Valley Railway Company

STATE OF CALIFORNIAxxxx)
COUNTY OF LOS ANGELESx) ss.
COUNTY OF LOS ANGELES )

xxxxxxxxxxx On this ________31st________ day of December, 1946, before me _____________________E. Menold______________, a notary public in and for said County and State, residing therein, duly commissioned and swom, personally appeared A. R. ANDERSON and HECTOR C. HAIGHT, known to me to be the persons whose names are subscribed to the foregoing certificate and acknowledged to me that they executed the same as President and Secretary, respectively, of the corporation therein named.

xxxxxxxxxxxxxx Witness my hand and official seal.

xxxxxxxxxxxxxxxxxxxxxxxx ______E. Menold______
xxxxxxxxxxxxxxxxxxxxxxxx NOTARY PUBLIC
xxxxxxxxxxxxxxxxxxxxxxxx In and for said County and State.