The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1912-04-05

wilt bear interest at the regular rate.
/! A depositor may at any time with
draw the whole or any part Of his de-
posits to his credit with any interest
payable by surrendering savings Ger
tificates, properly Endorsed for the
amount desired
A depOsitOr presenting q certificate
for payment in full with all interest
payable must indorse It on the back
in the presence Of the postmaster or
his representative and surrender It..
Th postmaster or his representative
| if satisfied as to the depoSitOr's iden
tity. will then make payment
When a depOsitor desires to with
draw only part of the amount called
for by any certificate the postmaster
will cancel the certificate and issue
a new certificate covering the amOun,
to be left on deposit. The new GER
tificate will be so dated that the de-
positor will not lose interest on the
amount remaining continuously on de.
post.
| When a deposition desires to with
draw merely the interest payment on
any certificate instead OF indOrsing
and surrendering the certificate rs in
/ the case of full payment he will be re-
Quired to give his receipt in duplicate
for the amount Of the interest paid.
The postmaster will enter the interest
payment on the back of the certificate
and return it to the. depositor
When a person who has opened an
| account can not appear personally to
make an additional deposit, because
of infirmity or for other good and
sufficient reason, the amount to be
| deposited may be sent by represen-
tative or forwarded by mail On re-
! ceipt OF the amount the postmaster
| will send to the depositor the dupli.
cate Of each savings certificate to be
| issued. When the duplicate or du-
plicates thus delivered have been
signed by the depositor and returned
to the depository office, the postmaster
will send him the original certificates
covering the amount Of the deposit.
New accounts can not be opened by.
mail When an intending depositor
desiring to open an account Is unable
to appear in person he may forward
the money by representative who
will be provided with an application
form which must be properly filled
out by the intending depOsltOr and re.
turned with the duplicate certificate
or certificates.
When under similar circumstances
a depositOr can not appear in person
to make q withdrawal. q blank order
will be furnished for his use upon re-
quest by his repressnt When.
Stscil dfd9f mas been properly nIle1'
In and signed by the depositOr. With
his signature witnessed by a disinter-
ested person, and has been returned
to the postmaster together with each
certificate to be paid properly endorsed,
payment will be made to the deposit
tors representative.
When iepositor who is unable to
appear in person desires to withdraw
merely the interest payable on any
certificate, the blank order furnished
viii include receipts for the interest
to be paid, upon return Of which, prop
erly signed by the iepOsitOr. the post
master will make payment to his rel-
resentative.
In case OF death of a depOsitor the
amount standing to his credit will be
paid to the executor or administrator
Of his estate upon compliance with the
necessary requirements In case no
formal administration is desired by
his relatives The postmaster may, II
1t Is deemed proper, be authorized to
pay the amount o. the deposit. on ap-
plication in proper form to the per-
| sons entitled to receive 1t, without the
| appointment of an administrator.
A woman who opens an account and
afterwards marries must present her
savings certificates at her office in or
| der that the certificates may be in
| dorsed as payable to her in her new
name. The postmaster will receive
no further deposits from depositor
failing to comply with this require
ment, nor will he make any partial
or interest payment to her.
! A depOSitOr will be permitted to ex-
change the whole or any part of his
deposits in sums Of 500. $40, $50, $50,
| 800 or multiples OF 800 up to md
including $500, into United States reg
istered or coupon bonds bearing in.
terest at the rate of 2h per cent per
| annum, payable semiannually and re-
deemable at the pleasure of the Unit
| ed State after one year from date OF
issue, both principal and interest pay
! able 20 years from such date in Unit
| ed States gold coin. Such exchange
may he made under date Of January
and July of each year. provided such
bonds are then available.
A depOsitOr desiring to convert his
savings deposits into bonds on Janu
ary l and July of any year must
make application at least Is days be-
fore either of the dates named to the
postmaster in triplicate on a form
which will be supplied him for that
purpose. At the time of making ap-
plication he must indOrse and Surren-
der savings certificates covering the
amount OF the bonds desired, for which
the postmaster will give him receipt.
Interest will continue to accrue on
certificates surrendered until the date
on which the bonds are issued. When
the bonds applied for are received by
the postmaster, the depOsitor will be
notified and the bonds will be deliv
cred by the postmaster on presentation
of the receipt for the certificates SUI
rendered At the same time all i'll
trest due on the certificates surren-
dered will be paid.
Savings deposits converted inte
bonds are not counted as a part OF
the maximum OF $500 allowed one de.
positor, and there is no limitation up.
on the amount of available postal.
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