The Owosso times. (Owosso, Mich.) 1897-1926, 1911-05-12
owosso Postoffioe.


CONTINUED from page y
ance to his credit at one time of more
than $500 exclusive of accumulated
| interest.
IA. Savings certificates can not bt
transferred or negotiated and will be
payable only to the person to whom
| issued.
Is. On opening an account de-
| positor is supplied with an envelope
In which he may keep his savings
| certificates. On this envelope is
printed information for his guild
ance, and also blank ledger record
on which to keep an account of his
deposits and Withdrawals.
10. In case saving certificate Is
lost or destroyed, depositor should
notify the postmaster. If deemed
proper a new certificate will be is
sued upon compliance by the depos-
itor with the necessary requirements.
II. Postmasters are not permit
ted to receive savings certificates for
safe-keeping.
Savings Cards and Stamps.
IS. Amounts less than 81 may be
saved for deposit by the purchase OF
10-cent postal-savings cards and ad-
hesive 10-cent postal savings stamps.
Each postal-savings card contains
blank spaces to which savings
stamps may be affixed from time to
time as purchased, and postal-sav-
ings card with nine 10-cent savings
stamps thus affixed will be accepted
as deposit of 81 either in opening
an account or In adding to an exist
ing account.
10. Savings cards and stamps will
be redeemed only by the issue of saw
ings certificates and are not valid for
postage. They will not be received
in exchange for postage stamps nor
will postage stamps be accepted in
exchange for postal-savings cards or
stamps
Interest.
20. Interest will be allowed on al!
deposits at the rate of per cent per
annum, computed on each savings
certificate separately, and payable
annually. No interest will be paid
on money which remains on deposit
for fraction of year only.
Fl. Deposits will bear interest
from the 1st day of the month next
following that in which deposited.
%. Interest will continue to ac-
crue on savings certificate as long
as it remains outstanding, certifi-
Gates being valid until paid, without
Us to time.
23. Compound interest is not al
lowed on an outstanding certificate,
but a depositor may withdraw inter-
est payable and include it in a new
deposit, which will bear interest at
the regular rate.
Withdrawals.
"a. A depositor may at any time
the whole or any part of
his deposits to his credit with any in
terest payable by surrendering saw
ngs certificates, properly Endorsed,
for the amount desired.
20. A depositor presenting a GER
IihSoIC lOI III lull Will oil
interest payable must indorse it on
the back in the presence of the post
master or his representative and
it. The postmaster or his
if satisfied as to the
iepositor's identity, will then make
payment.
26. When a depositor desires to
only part of the amount
called for by any certificate the post
master will cancel the certificate and
ssue a new certificate covering the
amount to be left on deposit The
new certificate will be so dated that
he depositor will not lose interest
IN the amount remaining continu-
ously on deposit.
q. When depositor desires to
merely the interest paya-
Die on any certificate, instead of in
iorsing and surrendering the certin-
'ate as in case of full payment, he |
viii be required to give his receipt in |
duplicate for the amount of the in |
crest paid. The postmaster will en-
er the interest payment on the back
If the certificate and return it to the |
lepositor.
Deposits Not Made i'm Person.
2S. When a person who has open
ID an account can not appear per-
onally to make an additional depos-
t, because of infirmity or for other
,ood and sufficient reason, the
mount to be deposited may be sent |
~ representative or forwarded by
nail. On receipt of the amount the
postmaster will send to the deposit
or the duplicate of each savings GER
ificate to be issued. When the du-
'licate or duplicates thus delivered
lave been signed by the depositor
md returned to the depository office,
he postmaster will send him the
original certificates covering the
mount of the deposit. New &C
cunts can not be opened by mail.
When an intending depositor desir.
ng to open an account is unable to
.ppear in person he may forward the
money by a representative, who will
'e provided with an application form
which must be properly filled out by
he intending depositor and returned