Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-10-07
Country Must Be Awakened
to Importance OF New Loan
corporation, shall be exempt from the
taxes provided for in clause Co.

corporation, shall be exempt from the
taxes provided for in clause (b).
Conversion Privilege.
If n subsequent series of bonds
mot including United States certifi-
Gates of Indebtedness, war savings
certificates, and other obligations ma
turing not more than five years from
the issue of such obligations. re-
spcctively) bearing interest at n
higher rate than per cent per an
mum shall, under the authority OF
said act approved September "a, 1917,
or any other act, be issued by the
United States before the termination
of the war between the United States
and the Imperial German govern
ment (the date of such termination
to he fixed by proclamation of the
president of the United States). then
the holders of bonds of the present
series shall have the privilege, at tho
option of the several holders, of con-
verting their bonds. at par, into bonds
bearing such higher rate of interest.
at the issue price OF bonds of such
subsequent series, not less than par,
with an adjustment OF accrued inter
est. such conversion privilege must
be exercised. IL at all, at any time
within the period. after the public
offering of bonds of such subsequent
series, beginning at the date OF issue
of bonds OF such subsequent issue. as
such date shall be fixed in such pub
lie Offering and terminating six
months after such date of ISSUE and
under such rules and regulations as
the secretary Of the treasury shall
have prescribed. The bonds TO be
issued upon such conversion OF bonds
of the present series shall be sub
Cf ~ ha gn1 Ia fNt al
as shall be prescribed by or pur-
suant To law with respect to the
bonds OF such subsequent series, not
only as to interest rate. but also rs
to convortibllity Ut future bonds be
issued at a still higher rate of in.
tercsN or nonconvertibility, and as
to exemption from taxation. IL any,
and In all other respects, except that
the bonds issued upon such CONVEX
sion shall have tho same dates of
maturity. OF principal, and OF inter
est. and be subject to the same terms
of redemption before maturity, as the
bonds converted; and such bonds
shall be issued from time TO time
II and when and to the extent that
the privilege of conversion so con-
ferred shall arise and shall be exer-
ciscd. II the privilege OF conversion
so conferred shall once arise. and
shall not be exercised with respect to
any bonds of the present series within
the period above prescribed. then
such privilege shall terminate as TO
such bonds and shall not arise again
tho again thereafter bonds be issued
bearing interest at n higher rate or
rates than per cent per annum.
Applications.
The agencies designated by the
secretary of the treasury 10 receive
applications for the bonds now Of
fered are the treasury department in
Washington, ID. c., and the federal
reserve banks in Boston, New York.
Philadelphia, Cleveland. Richmond,
Atlanta with branch at New Or
leans), Chicago. St Louis with
branch at Louisville). Minneapolis.
Kansas City with branch at Oma-
hal, Dallas, and San Frncisco with
trenches Mt Seattle and Spokane),
Said banks have been designated also
rs fiscal agents of the United States,
to collate applications to give notices
of the allotments which the secretary
Af -