Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1912-04-30

tors. They may be sold or assigned to
any person, however, by the holder,
and when q registered bond Is assigned
q new bond will be issued in the name
of the owner.
"7. The depositor's application must
indicate whether bonds are desired in
registered or coupon form. Coupon
bonds are preferable for a depositor
who intends to hold them for a short
time only and who has ample facilities
for their safe-keeping. These bonds
are payable to bearer, and the title
will pass by delivery without indorse-
ment. Interest on coupon bonds is
collected by means of interest cou-
pons, which are detached by the hold
er as they become due
Registered bonds are preferable for
persons intending to hold them for a
considerable period, and they differ
from coupon bonds in the following
respects:
"(a) They have inscribed upon their
face the names Of the persons to whom
they are issued.
"(b) They are payable only to the
persons to whom issued or their as
signs.
"(c) The ownership of registered
bonds can be transferred only by as
signment in proper form.
"S. Registered bonds are assigned by
the use OF form printed on the back,
properly dated and acknowledged.
When the assignment Is made by mark,
It must be witnessed by at least one
person other than the officer before
whom 1t Is made A ledger account is
opened In the treasury department at
Washington with each holder Of one or
more registered bonds, and when such
bonds are assigned they should be
transmitted by the new owner to the
loans and currency for transfer on
the books Of the department. Regis
tered bonds can not be exchanged for
coupon bonds. Coupon bonds may be
converted into registered bonds. with
out charge, at the request of the
holder.
"9. Under the regulations of the
treasury department q minor can not
assign registered bonds without the
consent Of duly appointed guardian
or trustee, evidence Of whose author
ity must be submitted. A minor has
the right to convert his postal savings
certificates into registered bonds. hut
II he should desire to assign the bonds
during his minority he must comply
with this regulation. This difficulty
bonds, which are transferred by mere
delivery.
40. Interest on registered bonds Is
paid by checks drawn at the treasury
department In favor Of the registered
holder. These checks are sent by mail
to- the postoff1ce address Of the holder,
and the holder Of a registered bond
should notify the secretary of the
treasury division Of loans and cur
|rencyo Of any change in his postoff1ce
address at least Is days before the in
terest falls due. Checks for interest on
registered bonds, as we'll as interest
coupons detached from coupon bonds,
are payable on presentation at the
United States treasury or at the office
of any assistant treasurer of the Unit
ed States. Interest checks and coupons
covering interest on postal savings
bonds bay be cashed by postmasters
under the same conditions as other
government paper.
al. Payment on registered bonds
that have been lost or stolen may be
stopped by notifying the secretary OF
the treasury division Of loans and cur
rency) at Washington. If coupon bonds
are lost the government does not un-
dertake to protect the owner against
the wrongful holder, but recognizes
tfle DedTeT only. 1He OWHeT HAS re-
course only to such means as he
could use to recover any other valua-
BILE property. When bonds, either reg
lstered or coupon, have been Destroy
ed wholly or In part. or defaced, a
claim may be filed with the secretary
of the treasury under certain prescrib-
ed conditions for their replacement.
Such claims will not be allowed for
coupons which have been detached
from coupon bonds.
"12. United States bonds are issued,
transferred. and redeemed under such
regulations as the secretary Of the
treasury may prescribe. Requests by
holders for additional information af-
ter the delivery Of the bonds should be
addressed to the secretary Of the treas
ury ,(division Of loans and currency,
Washington. d. C.
"13. On the application Of any hold
er the board Of trustees will purchase
postal savings bonds at par. Regis
tered bonds sent to the board for pur-
chase must be assigned to the board
of trustees. postal savings system"