The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1911-09-22

be made to the depositor's repre-
I sentative.
When deposition who is unabl,
| to appear in person desires to with
draw merely the interest payable
on any certificate, the blank orde
| furnished will include receipts TO
! the interest to be paid, upon return
| of which, properly signed by tn,
depositor, the postmaster will make
| payment to his representative.
Death of Deposition.
In case of the death of deposit
tor the amount standing to his cred
| it will be paid to the executor OF
administrator of his estate upon
compliance with the necessary re-
quirements. In case no formal ad
ministration is desired by his rela.
tives, the postmaster may, if it
is deemed proper, be authorized to
pay the amount of the deposit, on
application in proper form, to the
persons entitled to receive it, with
out the appointment of an admin
istrator
A woman who opens an account
and afterwards marrieS must present
her savings certificates at her office
in order that the certificates may
be Endorsed as payable to her in
her new name. The postmaster will
receive no further deposits from a
foil lin fo ,rN1x
this requirement, nor will he make
any partial or interest payment to
her.
PostaI-Savings Bonds.
A depositor will be permitted to
exchange the whole or any part of
his deposits in sums of $40, $40,
$50, $50, 800, or multiples of 500
up to and including $500, into Unit
ed States registered or coupon bonds
bearing interest at the rate of tive
and one-half per cent per annum,
payable semi-annually, and redeem
able at the pleasure of the United
States after one years from date of
issue, both principal and interest
payable twenty years from such
date in United States gold coin. Such
exchange may be made under date
of January ! and July of each year,
provided such bonds are then avail.
able.
A depositor desiring to convert
his savings deposits into bonds on
January 1 and July 1 of any year
must make application at least Is
days before either of the dates nam
ed to the postmaster in triplicate
on a form which will be supplied him
for that purpose. At the time of
making application he must indorse
and surrender savings certificates
covering the amount of the bonds
desired, for which the postmaster
will give him a receipt. Interest
will continue to accrue on certifi-
Gates surrendered until the date on
which the bonds are issued. When
the bonds applied for are received
by the postmaster, the deposition
will be notified and the bonds will
be delivered by the postmaster on
of the receipt for the
certificates surrendered. At the same
time all interest due on the certifi-
Gates surrendered will be paid
Converting Into Bonds.
Savings deposits converted into
bonds are not counted as a part of
the maximum of $500 allowed one
deposition, and there is no limita-
ton upon the amount of available
bonds which may fl
nally be acquired by deposition
Postal-savings bonds are exempt
from all taxes or duties of the Unit
ed States, as well as from taxation
in any form by or under state, mu-
nicipal, or local authority.
Postal savings bonds can only be
procured by the conversion of post |
al savings deposits, and will not be
issued to persons who are not de-
positOrs, but whether in registered |
Or coupon form they may, upon re-
,eipt by the depositor be sold and
assigned at any time to any person
desired