The Leon reporter. (Leon, Iowa) 1887-1930, 1912-02-29
CONTINUED on Page l2.)

(COnt1nued ON rage lS.) 81
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annually. No interest will be paid
-0n money which remains on deposit
for fraction of a year only.
Deposits will bear interest from
the 1st day of the month next fol-
lowing that in which deposited.
Interest will continue to accrue on
savings certificate as long as it re-
mains outstanding, certificates being
valid until paid, without limitation
as to time.
Compound interest is not allowed
on an outstanding certificate, but a
depositor may withdraw interest
payable and include it in new de-
post, which will bear interest at the
regular rate.
Withdrawals.
A depositor may at any time with
draw the whole or any part OF his
deposits to his credit with any inter-
est payable by surrendering savings
certificates, properly indorsed, for
the amount desired.
A depositor presenting 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.
The postmaster or his representative,
if satisfied as to the depositor's
identity, will then make payment.
When depositor desires to with
draw only part of the amount call
ed for by any certificate the post
master will cancel the certificate and
issue a new certificate covering the
amount to be left on deposit. The
new certificate will be so dated that
the depositor will not lose interest on
the amount remaining continuously
on deposit.
When a deposition desires to with
draw merely the interest payable on
any certificate, instead of indorsing
and surrendering the certificate as in
case of full payment. he will be re-
quired to give his receipt in dupli-
cate 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 depos-
Tor.
e Deposits Not Made in Person.
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 represent
:, alive or forwarded by mail. On re-
ceipt of the amount the postmaster
will send to the depositor the dupli-
cate of each saving 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 postmas-
ter will send him the original certifi-
Gates covering the amount of the de-
post. New accounts can not be
opened by mail. When an intending
depositor desiring to open an ac-
count is unable to appear in person
he may forward the money by rep
resentative, who will be provided
with an application form, which
must be properly filled out by the in.
tending depositor and returned with
the duplicate certificate or certii
Gates.
Withdrawals Not Made in Person.
When under similar circumstances
a depositor can not appear in person
to make withdrawal, a blank order
will be furnished for his use upon re.
quest by his representative. When
such order has been properly filled
in and signed by the deposition, with
his signature witnessed by a disin-
terested person, and has been re.
turned to the postmaster, together
with each certificate to be paid prop.
erly Endorsed, payment will be made
to the depositor's representative.
When a depositor who is unable to
appear in person desires to withdraw
merely the interest payable on any
certificate, the blank order furnished
will include receipts for the interest
to be paid, upon return of which,