Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1917-09-28

bonds bearing such higher rate of in
terest, at the issue price of bonds of
such subsequent series, not less than
par, with an adjustment of accrued in
terest.
49,. -. Conversion Rule. -. 500.
such conversion privilege must be
exercised, if at all, at any time within
the period, after the public offering Of
bonds of such subsequent series, be-
ginning at the date of issue of bonds
of such subsequent issue, as such date
shall be xed in such public oerings,
and terminat ting six months after such
date of issue, and under such rules and
regulations as the -r-cretary of the
treasury shall have prescribed. The
bonds to be issued upon such CONVEX
sion of bonds of the present series
shall be substantially the same in form
and terms as shall be prescribed by or
pursuant to law with respect to the
bonds of such subsequent series. not
only as to interest rate but also rs to
convertibility, Gf future bonds be is
or non-convertibili.y, and as t. eXcnp-
ton from taxation, if any, and in all
other respects, except that the bonds
issued upon such conversation shall
have the same dates of maturity Of
principal and interest, and be subject
to the same terms of redemption be-
fore maturity as the bonds converted,
and such bonds shall be issue1 FROM
time, if and when, and to the extent
hat the privileges of conversion so
conferred shall arise and shall be eX-
ercised.
NAV Terminate Privilege.
IF the privilege or conversion so
conferred shall once arise, and shall
not be exercised with respect to . ~
bonds of the present series within the
period above prescribed then such
privileges shall terminate as to such
bonds and shall not arise again though
thereafter bonds be issued bearing in
terest at a higher rate than per cent
per annum.
Time Limit.
Subscription for the bonds must
reach the treasury department. Wash
ington, from federal reserve bank or
branch Thereof, or some incorporated
bank of trust company in the Uniten
State mot including outlying territor-
les and possessions) on or before the
close of business October q, 1917. The
applications must he accompanied by
a payment of two per cent of the
amount applied for and subsequent in
stallments upon bonds allotted will be
due as follows:
Eighteen per cent on November Is,
1917.
Forty per cent on December Is,
1917.
Forty pc recent on aJnuary IS, 1917.
ION the latter date, accrued interest
on the installments will also be pay
able.
But Four Coupons.
Il am very glad to be able to an
nounce that by authorization engraving
of these bonds with only four coupons
attached instead of the full number Of
forty coupons, 1t VIII be possible 10
have the actual bonds ready for deliv-
cry as soon as full payments are COM
hzz zfiz zffhllete d, mustn't pdghtvoi m
pleted. thus avoiding the trouble and
delay incident TO the issuance OF inter
i'm receipts or temporary bonds. o.
and after November Is, 1919 the hold
ers of bonds will have opportunity 10
exchange them for new bonds having
attached thereto coupons for the bal
ance of the period Tor which the bonds
will run.
Supply Ready Soon.
1T is also expected that on or about
October 10. 1917 there will be in the
hands of the several federal reserve
banks a supply of these new LonOs
ready for immediate delivery to sub