The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1912-02-22
depositor S representative.


80. When depositor who is I'M,
able 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, properly signed by the deposi.
tor, the postmaster viii make pay.
ment to his representative.
Death of Depositor.
81. In case of the death of de-
positor the amount standing to his
credit will be paid to the executor or
administrator of his estate upon com,
pliance with the necessary require.
ments. In case no formal administers
ton is desired by his relatives, the
postmaster may, if it IS deemed prop.
er, be authorized 10 pay the amount
Of the deposit, on application in prop
Ter form, to the persons entitled to re.
eeive it, without the appointment Of
an administrator.
Account of Woman Who Marries.
| 50. 4 woman who oc5Hs an account
and afterward marries must present
her savings certificates at her Office in
order that the certificates may be in
dorsed as payable to her in her new
name. The postmaster will receive no
f,,~+bor 1,,,ac;+e fror, . lo,oc;+o.' eel
ing to comply with this requirement,
nor will he make any partial or inter.
est payment to her.
! Postal Savings Bonds.
SO. A depositor will be permitted
to exchange the whole or any part of
his deposits in sums Of $40, $40, $50,
$50, 500 or multiples Of 800 up to
! and including $500, into United States
registered or coupon bonds bearing in
terest at the rate of 21a per cent an
mum, payable annually, and re.
deemable at the pleasure of the
United States after one year from
date of issue, both principal and inter-
est payable 20 years from such date
in United States gold coin. Such zex
change may be made under date of
January l and July of each year,
provided such bonds are then avail
able.
81. A depositor desiring to convert
his savings deposits into bonds on
January l and July l Of any year
must make application at least Is
days before 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
application he must indorse and sur
render savings certificates covering the
amount of the bonds desired, for which
the postmaster will give him a receipt.
Interest will continue to accrue on GER
tifcates surrendered until the date on
which the bonds are issued. When the
bonds applied for are received by the
postmaster, the deposition will be mott
| fed and the bonds will be delivered
by the postmaster on presentation of
/ the receipt for the certificates surreDd-
cred. At the same time all interest
due on the certificates surrendered
viii be paid.
35. Savings deposits converted into
bonds are not counted as part of the
maximum of $500 allowed one deposis
tor, and there is no limitation upon
the amount of available postal savings
bonds which may finally be acquired
iby a depositor.
SO. Postal savings bonds are ex
empt from all taxes or duties of the
United States, as well as from taxa
tion in any form by or under state,
municipal, or local authority.
| 81. Postal savings bonds can only
be procured by the conversion of pos
tai savings deposits, and will not be
issued to persons who are not deposit
tors, but whether in registered or cou-
pom form they may, upon receipt by
the depositor, be sold and assigned at
any time to any person desired.
Information.
| 3S. Further information concerning
the postal savings system may be OBJ
tanned by application at any deposiy
terry Office or by inquiry addressed to
the postmaster general (postal saw
ings system), Washington, D. c.
Frank III. Hitchcock,
Postmaster General.