Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-09-28
THREE BILLION
Continues from Page onel

sued under this o.er7as vii depend on
he amount OF subscriptions received !,
Is. q course, 70 &c remembered that s1o-
se-sR1Ioas considerably il excess Of >
en-a-e ~iu Re received and IN that event
the right IS reserved 70 sIloc bonds L sx
cess q ss9so. oT-0 70 TIE extent OF -o-
over ole-hsk % the SIZE by which me
subscriptions received exceed 80 20 "a
, In other words Z Subscriptions 70 the *
tent q s. ~. GO 10 are aled s. "AG.oo ~ g
bands may be allotted
TIE bonds vii be o.e-ed as before =
par and ~:i. re IL Denominations o. 81
ard nultiples the-eo.
Ths bonds shall 7s exeEp-. toch as 20
principle and interest. from al taxation
nov 81 hereafter III posei by the United
States any state. O. any .: the posses
sioas - the United states or by any ,ocsl
taxing suthorI,y except "a estate - =,
he-itzac taxes and b graduated add.
t3onal income taxes. commonly KNOW IS
surtaxes. and excess p-oh-s ard wz-
pro5c taxes now q hereafter imposed ~
the United States. upo- he ,1cor-e o.
profits q individuals, partnerships. asso-
Citations or corporations TIE interest e.
an amount q bonds and cer-i1cates aE-
-horizsi by said act the p-.nc.pe! e
which de-. - exceed ~ n. aggregate
$50 owned 81 individual pa-,rer-
ship. association y corporation shall -
exempt from Tire taxes provided .o- n
clause 3, above
L 4 subsequent series - lords ,Tor
including United States certificates o. n
d.n-.d-sss w.- saving certificates ara
o,-.r o,;;ss.lors maturing 70. more thar
-xs ,as-. <-o--, n. issue 81 such oa..-x-
,ic-s resD4c,;yely, bearing interest :.
higher -a,. than Per cent -e- annu-.
shall under n. authority az SAID act -
--cvad S.n- !. 1871 or anv o,ae- act, -
;ss.ee ~ - T-rj-e6 States before Ire
termination " ire va between me Jr,--
- s-a-as 80 ~ ;-,rer;s. German gov
ar~-a- -. 5.-e ~ such termination Il
=. AVA ~ r-,,rlsuz-;7,, X he President
- -. I-rs,e6 S,sr4sl then the holders q
bonds ~ ~ --sse-- s.-.es shal! have t14
privilege. ~ the OPTION :. ere severa'
holders ~ converting .re.- bonds AZ pa
,r-o bonds hearing such higher rate ..
interest - -rA ;ssue o-;cs % bonds >.
sucr subsequent series 10. less thar 1=-
z-;,, - adjustment =. accrued i-:eres.
So, ..o-,-.-s,,, privilege n,,,s1 be
,<,-l..,s = -, ~ am nm. within
49, $3.50 .+.er -. o,,hi,c offering -
hss s.oi srbsAru.-. series Re-
.t.n,- !, I'll 5a,a ~ issue ~ bonds
II So s,,hSao,,arf ,ss,,A a. s,;cn date
LIZ, J., - - s,,,,, ,,,,h,;. Offering
s;x -,c--ns .f,.r s,:..t
,,rs.. s,,,,, -,.,as .r5
.,..m .e,. nras,-tha4 TIE
horss =, H.. issued ,,oon .,,,-f, ,grver-
,.--.;e h -. ,-ss.-. sar.as s-.stl
he s,,hs7ar1,sli,- the same II form ard
terms a. shall be prescribed ~ Or pUT-
suan. 20. LAW with respect TO TIE ooi1Hs
OF such subsequent series not Only as
10 interest rate. ou' also Ss = COZ"
Nerupi!ltN az 'u'are NoFNS * >-VN
al stiil H!saer Fe'e q. ne! Vs'' .
ACKNOWLEDGEMENTS ana as 20 eATl-i p1-.''
from TAXATION Il airy anE n 90 ''''e:
respects. except 'Aai lHs rPIc> -ss-eS'
upon Such conversion S.laii II ''-
same cafes ei mat TN u ~ 4ii1i 20
ana interest ce suo]-c' !" '-v SaH'T
terms ~ redemption 0elpTe hialN'..H
e VIZ '"i'os ~ g 'e- ''t- TT
snail Re issued from time % Iii1le -" 1'eh
ano 70 ne extent 'ha' 'He PHI :.
conversion 50 coEiierFea shait ARISE All"
SHaA ~ 'Ne'c'Se"'
II the privilege 81 conversion :, CON
i'sc Si'@'.
NJ eNer'lSeo "i'h 'esPec' 70 any ''l."s
C the present series "l'hlh t.'e peFlo"
above prescrioeo' 'Aen suc0 PITY l'eSes
sfau terminate as 70 su'n ''7uS ana
shah not ARISE again 'Ao"s" '"T' e6''e'
oonos ne issued rearing .''sse>' . "
higher rate or rates man 'our Per cent
per annum.
Subscriptions Before Oct. q
.snhsc-;n,ions for rhe bonds must
rasrn ~. -rsasurv department. Wash
,rc+,, i d fedora, reserve bank
h,a,,t thereof ~ some incorporat
"a bo,r ., ,rus, con,nanv in the INIT,
"a S,a,es ,no- Including OUTLYING ter
ri-nriss and possessions on or before
,hs ,,,ose If business oct. .. 1917. TIE
...,,I..,i.,s ,,,,s, he scco,,nsn;ad nv :
OF :. .,,,,,-,
pas .s s,,h.aou.,, ,,s,.ll.
appiieu ~ 60 o,e.s lin 49, 49,.
tnenls upon ''''NS
as lolio"s