The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1912-01-04


or destroyed the depositor should no
tify the postmaster II deemed proper,
new certificate will be issued upon
compliance by the depositor with the
necessary requirements.
IL. Postmssters are not permitted
to receive savings certificates for safe
keeping.
SAVINGS CARDS AND STAMPS.
lS. Amounts less than 81 may be
saved for deposit by the purchase OF
lo-cent postsl-savings cards and adhe-
sive i0-cent postal-savings stamps.
Each postal-savings card contains
blank spaces to which savings stamps
may be affixed from time to time as
purchased, and q postal-savings card
with nine lo-cent savings stamps thus
affixed will be accepted as deposit Of
81 eitherJin opening an account or in
adding to an existing account.
10. Savings cards and stamps will be
redeemed only by the issue OF savings
certificates and are not valid for post
age. They will not be received in ex-
change for postage stamps nor will
postage stamps be accepted in ex-
change for postal-savings cards or
stamps.
INTEREST.
20. Interest will be allowed ON all
deposits at the rate OF 2 per cent per
annum, computed on each savings GER
tiHcate separately, and payable annual
ly. No interest will be paid on money
which remains on deposit for fraction
Of a year only.
81. Deposits will bear interest from
the lst day OF the month next follow
ing that In which deposited.
%. Interest will continue to accrue
ON q savings certificate rs long as 1t re-
mains outstanding, certificates being
valid until paid, without Limitation as
TO time.
20. Compound interest is not allowed
on an outstanding certificate, but a
depositor may withdraw interest pay
able and include II In q new deposit,
which will bear interest at the regular
rate.
WITHDRAWALS.
"a. A depositor may at any time
withdraw the whole or any part OF his
deposits to his credit with any interest
payable by surrendering savings GER
tificstes. properly indorsed, for the
amount desired,
26. A deposition presenting a cer,ifi-
cate for payment in full with all in
terest payable must indorse it on the
back in the presence Of the postmaster
or his representative and surrender it
The postmaster or his representative,
II satisfied as to the depositor's iden-
tity, will then make payment.
20. When q 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 amount to
be left on deposit. The new certificate
will be 30 dated that the depositor will
not lose interest on the amount re-
naming continuously on deposit.
"a. When a depositor desires to with
draw merely the interest payable 90
any certificate, instead OF indorsing
and surrend ering the certificate rs n
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 1t to the depositor.
DEPOSITS NOT MADE IN PERSON.
2s. 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 suf-
ficient reason, the amount to be de-
posted may be sent by q representa-
tive or forwarded by mail. On receipt
Of the amount the postmaster will send
to the depositor the duplicate OF each
savings certificate to be issued. When
the duplicate or duplicates thus deliv-
cred have been signed by the deposit
tor 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 cepositor desiring to open
an account is unable to appear in per-
son he may forward the money by u
representative, who will be provided
with an application form, which must
b. properly filled out by the intending
depositor and returned with the du
plicato certificate or certificates.
WITHDRAWALS NOT MADE IN PERSON.
20. When under Similar circum-
stances depositor can not appear in
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