[Columbia, December 20, 1836. See Calendar.]

Stock Certificate

TEXAS RAIL ROAD, NAVIGATION, AND BANKING COMPANY

No. 4 3100 Shares

WHEREAS the Congress of the REPUBLIC OF TEXAS did, on the sixteenth day of December, one thousand eight hundred and thirty six, grant to BRANCH T. ARCHER AND JAMES COLLINSWORTH, and their associates and assigns, a Charter of Incorporation, under the name and style of the "TEXAS RAIL ROAD, NAVIGATION, AND BANKING COMPANY," which associates are the persons signing below, and who are the owners of all the stock of said institution; and who now, for the purpose of carrying said Charter into effect, certify that S. F. Austin is entitled to Five thousand one hundred________________________________Shares, out of the FIFTY THOUSAND SHARES into which the capital Stock of FIVE MILLIONS OF DOLLARS is divided; and that he is further entitled to Three thousand one hundred and twenty five Shares to be created by AN Enlargement of the capital Stock of the Bank, over and above FIVE MILLIONS of DOLLARS, with a proportionate interest in all the privileges granted by said Charter; and he is hereby placed precisely on the same footing as the original parties and associates in-said Incorporated Charter.

THIS CERTIFICATE SHALL BE TRANSFERABLE BY SIMPLE ENDORSEMENT ON THE BACK OF THE SAME, and the holder or holders shall be entitled to demand and receive the same rights and privileges as the original holder.

Done in the town of Columbia, this Twentieth day of December one thousand eight hundred and thirty-six

B. T. Archer L.S.

Jas Collinsworth L.S.

J Pinckney Henderson L.S.

Thomas F. McKinney L.S.

S. F. Austin L.S.