The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-10-25
The Second LibertyLoan

A~AD -. AVAA
The bonds of the second issue of the
Liberty Loan are to be issued under
the act of Congress approved by the
President September a, 1917.
The amount of the issue will be
$3, ,OOO, 100000 or more; $3,OOO.OOO,O 600
will be offered. and the right Is re-
served to allot bonds in excess Of that
amount to the extent Of one-half of the
oversubscriptiOn. That is. ii $J,OOO.-
100000 is subscribed the right il re-
served to issue $1.OO0,OOO.OOO more
than the $3,OOO.OOO.OOO.
The bonds will be offered for sale Oh
October LIST and subscriptions will he
received until the close Of the busi-
ness day of October 9th.
The bonds will, bear date November
Il. 1917. mad will mature November Il.
1912. But the Government reserves
the right to call in and pay the bonds
in>full. with accrued interest, any time
after ten years after their date.
The bonds are convertible gold
bonds and bear 4 per cent annual in
terest. the interest being payable semi
annually, on May 18th and November
18th of each year.
The bonds are exempt, both as to
principal and interest. from all taxa
ton now or hereafter imposed by the
United States. any state, or any other
possessions of the United States or by
amy local taxing authority, except (d)
estate or Inheritance taxes, and (b)
graduated additional income taxes.
commonly known as surtaxes, and ex-
cess-lrotits and war-profits taxes now
CT hereafter imposed. They are not
liable to the ordinary Federal income
tax.
The interest OH an amount of bonds
the principal Of which does not exceed
$1,000, owned by an individual, part
nersllip, association, or = corporation
are exempted from the taxes provided
for in clause To- above.
The right is given to holders of the
bonds to exchange them for bonds
bearing higher rate of interest If any
such shall later be issued by the
United States before the termination
of the war. This conversion privilege
must be exercised, if at all, within six
months after the issuance of such
higher-rate bonds.
THE BONDS
The second issue Of Liberty Loan
Bonds will be of two kinds-registered
and coupon.
The registered bonds will be regis
tered at the Treasury in the name Of
their owners and will be Of the de-
nominations Of $50, 500, $500, $1,000,
5000, $4,000 and 100000. Checks
for the interest on these bonds will be
mailed from the Treasury to the own
ers each seniannual-interest date.
The coupon bonds will be payable to
bearer and will have coupons attached
for the interest. They will be in de
nominations of $50, 800, $500, $1,000,
5000 and $4,000. The coupons. can
he cashed like Government check at
any bank.
The coupon bonds Of this loan will
have only four coupons attached, rep
resenting the senianmual interest for
two years. Between November IL,
1919, and May Il, 1920, the holders of
coupon bonds must exchange their
Eonds for new bonds having full sets
of coupons. These temporary bonds
are issued because the work Of engrav-
ing so many bonds with SO large a
number Of coupons attached cannot be
completed within reasonable time
for delivery.
PURCHASE OF BONDS.
Bonds Of the Second Liberty Loan
can be purchased by filling out an ap-
plication blank made OH the form pre-.
scribed by the Secretary Of the Treas.
ury, which can be obtained from any
bank or Liberty Loan committee, and
sending 1t or having it sent to the
Treasury of the United States or, any
Federal Reserve Bank or branch, ac.
comlmnied by the payment of 2 per
for
These applications must reach the
Treasury Department, Federal Re
serve Bank or branch thereof, or some
incorporated or trust company In the
| United States on or before the close
Of business October 9th. Practically
every bank in the United States will
| willingly receive these applications
and handle the whole transaction OF
the purchase of bonds for any sub
Scriber.
PAYMENT FoABONDs.
| 4 purchaser may pay in full for his
bonds at the time Of making his applf
cation or, if lie 50 prefers, he Gun take
advantage of the inatallment plan and
| pay pers cent on application, Is pei
cent on November Is, 1917, 40 per cent
on December Il, 1017, and the remain
ing 40 per cent OH January IL, 1918.
Although so far as the Government
is concerned the purchase price for thu
bonds must lie paid as above, nearl,
every bank in the country will make
arrangements by which Liberty LOal
Bonds can he paid on an installmen'
plan providing for weekly or MONTH!
payments. and great many employ
ers will make the same arrangement.
for their employees.
Payment can he made to the Treas
ury Department or to any one Of til,
| Federal Reserve Banks, but purchas
ers are urged to make their payment
to the banks or other agencies witt
whom they place their subscriptions.
i ALLOTMENT OF BONDS.