The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1917-10-11

ed by the President September "a,
1917.
The amount of the issue will be
So, 100000 or~more; $3,OOO,-
100000 will be offered, and the
right is reserved to allot bonds in
excess Of that amount to the extent
Of one-half of the o 'ersubscription.
That is, if $5,0OO,OU.OOO is subsc-
ribbed the right is res rived to issue
81 ,O00,000,0O0 more han the $3,
000,000,0OO.
The bonds will he offered for sale
on October l, 1917, and subscrip-
tions will be received until the close
OF the business day Of Oct. ~.
The bonds will bear date Novem-
Der 10, 1917, and will mature call
in and pay the bonds in full, with
accured interest, amy time after 10
years after their date.
The bonds are convertible gol,
bonds and bear 4 per cent annual
interest, the interest being payable
seminnually on May - and Nov
cmber 10 Of each year.
The bonds are exempt, both as
to principal and interest. from all
taxation now or hereafter imposed
by the United States, any State, or
any other possessions of the United
States, or by any local taxing au-
thorlty, except (a) estate or in.
'erltance taxes, and (b) GRADUATED!
additional and war-profits taxes
ROW or hereafter imposed. They
are not liable to the ordinary Fed
eral income tax.
The interest on an amount of
bonds the principal of which does
not exceed $4,000, owned by anv
individual, partnership, assocla
or corporation, are exempted from
the taxes provided for in clause
lb) above.
The right is given to holders of
the bonds to exchange them for
bonds bearing higher rate of ill.,
terest if any such shall later be is
sued by the United States before
the termination of the war. This
conversation privilege must be ex-
crcised, if at all, within six months
after the issuance of such higher
rate bonds.
The second issue of Liberty Loan
Bonds will be of two kinds, regis
tered and coupon.
The registered bonds will be reg
lstered at the Treasury in the nam
es of their owners and will be of
the denominations of $50, $500,
5000, $1,000, $4,000, $4,000 and
100000. Checks for the interest
on these bonds will be mailed from
the Treasury to the owners each
semi annual-interest date.
The coupons bonds will be paw.
bale to bearer and will have cou-
pons attached for the interest.
They will be in denominations of
$50, $500, $500, 81 900. $4,000 and
$4,000. The coupons can BE-
caslled like Il Government check ~
any bank.
The coupon bonds of this loan
will have only four coupons attach.
ed, representing the senlannual in
terest for two years. Between Nov
ember 10, 1919. and May Is. 1920.
the holders of coupon bonds must
exchange their bonds of new bonds
having full sets of coupons. These
temporary bonds are issued be-
cause the work of engraving 50
many bonds with so large number
OF coupons attached can not be
completed within reasonable time
for delivery.
Bonds of the Second Liberty
Loan can be purchased by filling
out an application blank on the
form prescribed by the Secretary
OF the Treasury, which can be OBJ.
tanned from any bank or Liberty
Loan committee, and sending it or
having it sent to the Treasury OF
the United States or any Federal
Reserve Bank or branch accompan
led by the payment of 2 per cent Of
the amount Of bonds applied for.
These applications must reach
the Treasury Department, a Fed
eral Reserve Bank of branch or
some incorporated or trust COMP
any in the United States on or be-
fore the close of business October
q. 1917. Practically every bank
in the United States will willingl;
receive these applications and
handle the whole transaction of the
purchase of bonds for any subscri
Der.
A purchaser may pay in full for
his bonds at the time of making his
application or, if he so prefers. he
can take advantage of the install.
ment plan and pay 2 per cent on
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