The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1912-05-11

DULLES, dS Wtll lIOll toAobiVh ~ "tJ
form by or under State, municipal, or
bcal authority.
CONVERSION OF DEPOSITS.
g. Applications for the conversion of
deposits into bonds on July !, 1912. |
must be received on or before June l, |
1912, by tbs postmaster at the deposit
tory Office where the certificates were
Bsued. The postmaster will supply an
application form, which must be made
cut in triplcate. The depositor must
ndorse and surrender with his applica-
lion postal savings certificates covering
the amount of the bonds desired, for
which the postmaster will give him a
receipt When the postmaster receives
the bonds applied for he will notify the
depositor and will deliver the bonds on
presentation of the receipt for the GER
sifcates surrendered.
4. The conversion of deposits into
bonds at date less than one year af-
ser the certificates began to bear inter-
est forfcits interest on the deposits as
IN the case of withdrawal for any other
purpose.
5. Postal savings deposits converted
INTO bonds are not counted as part OF
abe MAXIMUM of $500 allowed one de-
positor, and there is no limitation on
The amount of available postal savings
bonds which may be acquired finally by
4 depositor. The exchange is consid-
cred as taking effect on July |, and a
iepositor who has applied to convert
into bonds all or part of the maximum
balance of $500 may deposit an addition
nj amount in July, though the bonds
nay not yet have been delivered.
s. Postal savings bonds can be pro-
cured only by the conversion of postal
savings deposits and will not be issued
10 persons who are not depositors.
They may be sold or assigned to any
person, however, by the holder. and
when registered bond Is assigned q
new bone will be issued in the name Of
The owner.
REGISTERED AND COUPON BONDS.
7. The depositor's application must
Indicate whether bonds are desired in
registered or coupon form. Coupon
bonds are preferable for depositor
who intends to hold them for short
dime only and who has ample facilities
for their safe keeping. These bonds
are payable to bearer, and the title will
pass by delivery without Endorsement.
lntesest on coupon bonds is collected by
means of interest coupons, which are
detached by the holder as they become
due.
Registered bonds are preferable for
persons intending to hold them for
considerable period, and, they differ
from coupon bonds in the following
respects:
tay They have inscribed upon their
face the 1afnes of,the persons to whom
shey are issued.
Cb) They are payable only to the per-
sons to whom issued or their assigns.
tc) The ownership of registered bonds
can IL transferred only by assignment
N proper form.
ASSIGNMENT OF BONDS.
6. Registered bonds are assigned by
the use OF form printed on the back,
properly dated and acknowledged
When tne assignment is made mark, it
must be- witnessed by at least one per-
ton other than the officer before whom
L is made. A ledger account is opened
n the Treasury Department at Wash
ngton with eacn holder OF one or more
egistered bonds, ana when such bonds !
re assigned they sould be transmitted
" the new owner 10 the Secretary of
ne Treasury division OF Loans and {
urrency) Tor transfer on the books of
ne department. Registered bonds can
ot be exchanged for coupon bonds.
Dupon bonds man be converted into
clustered bonds, without charge, at
re request of the holder. - =
ASSIGNMENT BY MINORS.
9. Under the regulations of the Treas
y Department minor can not assign ,
gistered bonds without the consent of
duly appointed guardian or trustee, l
idence of whose authority must be
omitted A minor has the right tn