The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1917-10-18
The Second LibertyLoan

The bonds of the second issue Of the
Liberty Loan are to he issued under
the act of Congress approved by the
President September "a. 1917.
The amount of the issue will be
$3.OOO,OOO,OOO or more; $4,000 100000
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. if $4,000
UO.OOO-is subscribed the right is re-
served to issue $1.OOO,0OOOOO more
than the $3.OOO,O0O,OOO.
The bonds will he offered for sale on
October list and subscriptions will he
received until the close of the bust
ness day of October 9th.
The bonds will bear date November
II. 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 per cent annual in
terest, the interest being payable semi
annually. on May 18th and November
10TH 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
any local taxing authority. except (a)
estate or Inheritance taxes, and 10
| graduated additional income taxes,
| commonly known as surfaces. and eX-
cess-prOfits and war-profits taxes now
or hereafter imposed. They are not
liable to the ordinary Federal income
tax.
The interest on an amount of bonds
the principal of which does not exceed
5000. owned by an individual. part
nerShip. association, or corporation,
are exempted from the taxes provided
for in clause 90 above.
The right il given to holders Of the
bonds to exchange them for bonds
hearing higher rate Of interest IL any
such shall later he issued by the
United States before the termination
of the war; This conversion privilege
must he 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 he of two kinds-registered
and coupon.
| no
tered ut the Treasury in the name of
their owners and will he Of the de-
nominations Of $40, 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 al
any bank,
, The coupon bonds Of this loan will
. have only four coupons attached, rep
resenting the semiannual interest fol-
, two years. Between November Il
. 1919, and May II. 1920. the holders OF
; coupon bonds must exchange theil
! bonds for new bonds having full set.
; of coupons These temporary bond.
: are issued because the work Of engrav
, ing so many bonds with so large ;
. number of coupons attached cannot b.
; completed within a reasonable TIM
; for delivery.
: PURCHASE OF BOMBS.
, Bonds Of the Second Liberty LOal
: can be purchased by filling out an ap
; plicatiOn blank made on the form pre-
5 scribed by the Secretary of the Treas
; ury, which can be obtained from an
! bank or Liberty Loan committee, an
sending it or having it sent to tn
Treasury of the United States or an
Federal Reserve Bank or branch, az
companied by the Payment Of pc
. cent of the amount Of bonds apple
} for.
These applications must reach tn
4 Treasury Department, a Federal III
. serve Bank or branch thereof, or som
} incorporated or trust company in tn
United states on or before the clos
4 of business October 9th. Practical
\ every bank IN the United States wi
] willingly receive these application
and handle the whole transaction {
\ the purchase Of bonds for any sui
: scriber.
PAYMENT FOR BONDS.
Il \ purchaser may pay in full for h
= bonds at the time of making his apl'l
= cation or, if he SO prefers, he can tai
advantage of the installment plan al
q pay per cent on application. Is ~
= cent OH November II, 1917, 10 per cel
= on December Il. 1917, and the renal
q ing 40 per cent OH January u, 1918,
a Although SO far as the GOvernme
= is concerned the purchase price for Il
y Eonds must he paid as above, near
q every bank in the country will ma
n arrangements by which Liberty I40;
, Bonds can be paid Oh an installme